Export of Azerbaijani oil products dropped by about 30% in volume and 57% in money terms
In quarter 1, 2016 oil products production in Azerbaijan dropped by 3.5% against the same period last year to 622.3 million AZN.
According to the Azerbaijan State Statistical Committee, in quarter kerosene production increased by 5.3% to 172,000 tons and black oil by 1698 times to 339,700 tons (in quarter 1, 2015 – 200 tons).
The production of the following oil products declined: petrol by 6.4% to 281,100 tons, virgin petrol by 10.3% to 42,800 tons, diesel fuel by 28.2% to 572,000 tons, lubricating oils by 64.3% to 1,000 tons, oil bitumen by 32.5% to 22,000 tons and oil coke by 67% to 21,400 tons.
According to the State Customs, in quarter 1, 2016 export of oil products from Azerbaijan totaled 422,693 tons to the amount of $85,236,600. During the same period last year Azerbaijan exported 595,616 tons of oil products to the amount of 199,622,007. This means that during a quarter reduction of oil products export constituted 29% in volume and 57.3% in money terms.—0—
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