![Azerbaijan to Import Up to 50,000 Tons of AI-92 Gasoline in December](https://turan.az/resized/news/2024/l9ERfeMGvwsxkTrsB5xwBxIZv6wRy0nrKg9o8DId-750-500-resize.webp)
Azerbaijan to Import Up to 50,000 Tons of AI-92 Gasoline in December
Azerbaijan to Import Up to 50,000 Tons of AI-92 Gasoline in December
Azerbaijan plans to import between 30,000 and 50,000 tons of AI-92 gasoline in December. This volume is necessary to ensure a stable supply of this petroleum product to meet the country’s needs amid the ongoing scheduled maintenance at the Baku Oil Refinery.
According to the industry agency “Argus,” the maintenance at the Baku refinery, which began on October 24, will be completed between December 10-15, a few days later than initially planned. It is expected that it will take an additional 7-10 days to produce sufficient quantities of commercial gasoline to meet market demand. Therefore, imports of the most popular gasoline grade in Azerbaijan will be required in December, notes Argus.
It should be noted that the scheduled maintenance and modernization work at the refinery named after Heydar Aliyev, with an annual capacity of 6.5 million tons, was initially planned for April-May this year. However, due to the international climate event COP29, the work was postponed to October-November. The completion of the planned tasks has also been delayed.
Traders have informed “Argus” that there are no free volumes of AI-92 gasoline available on the Russian market, as December’s allocations have already been distributed.
At the same time, “Argus” highlights that trading companies purchased about 150,000 tons of AI-92 gasoline for delivery to Azerbaijan between August and November. These volumes were sourced from refineries in Lithuania, Belarus, Bulgaria, and Romania. The buyers of the AI-92 were Azerbaijani companies SOCAR and Azpetrol.
Meanwhile, Turan news agency, based on reports from Azerbaijan’s State Statistics Committee, clarified that in January-September, the country imported 87.8 thousand tons of AI-92 gasoline, 55.8 thousand tons of AI-95, and 1.53 thousand tons of AI-98. During the same period, Azerbaijan also imported 30.9 thousand tons of diesel fuel.
From January to October, the Baku Oil Refinery produced 1.2 million tons of gasoline, compared to 1.21 million tons in the previous year, as well as 1.97 million tons of diesel (compared to 1.93 million tons in the same period of 2023). The domestic demand for AI-92 gasoline in Azerbaijan is about 120,000 tons per month, while diesel fuel demand exceeds 160,000 tons per month, according to market participants.
-
- Energy
- 9 December 2024 07:34
Energy
-
Europe needs gas supplies and cannot afford to exclude the possibility of transit of blue fuel from Azerbaijan through Ukrainian territory, the head of the Austrian oil and gas company OMV, Alfred Stern, said in an interview with the Neue Zürcher Zeitung newspaper. "We need to increase the supply of all energy carriers, including gas. And we cannot afford to exclude anything. I would never place myself in the hands of just one supplier in the future. The rest is a political issue," said the head of OMV in response to a question about his support for gas transit from Azerbaijan through Ukraine.
-
In 2024, the production of condensate in Azerbaijan amounted to 5 million 292.34 thousand tons, by 1.7% higher than in 2023, the report of the State Statistics Committee of the Republic of Azerbaijan.
-
The production of associated gas in Azerbaijan in 2024 amounted to 15 billion 112.09 mcm, the report of the State Statistics Committee's of the Republic of Azerbaijan. According to statistical data, the production of associated gas increased by 0.2% compared to 2023. Of this volume, 3 billion 804.91 mcm was marketable gas (an increase of 6.7%).
-
The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) has approved the company's budget for 2025, the press service of SOCAR reported yesterday. At the meeting, which was chaired by the Minister of Economy Mikail Jabbarov (who is also the chairman of SOCAR's Supervisory Board), the budget project for 2025 was presented by SOCAR's president Rovshan Najaf and vice president of economics, Zaur Gurbanov. Other issues related to the company's activities were also discussed at the meeting. SOCAR did not announce how its revenues and expenditures will change this year.
Leave a review