Baku/17.07.20/ Turan: Export of declared Azerbaijani oil according to the results of the first half of 2020 amounted to 15 million 343 thousand 452.45 tons.
As reported in the monthly report of the State Customs Committee (SCC) of Azerbaijan, the value of exported oil amounted to $ 5 billion 339 million 488.25 thousand.
Based on the data of the State Customs Committee, the average export price of Azerbaijani oil in January-June 2020 amounted to $ 348 per ton, or $ 47.03 per barrel. According to the results of the first half of 2019, this figure amounted to $ 484.5 per ton or $ 65.47 per barrel, i.e., in January-June 2020, the average export price of Azerbaijani oil decreased by 28.2%.
In January-June 2020, oil exports in quantitative terms decreased by 3.1% compared to the same period last year, and in monetary terms - by 30.4%.
The share of oil in the total export structure in the first half of 2020 decreased to 69.47% from 76.87% in January-June 2019. –0-
Energy
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From January to May 2024, Azerbaijan imported 616.2 thousand tons of oil Russia, a third more compared to last year, Interfax reports. In monetary terms, the cost of imported Russian oil has also risen by almost a third — to $339 million. In total, Azerbaijan purchased 742.3 thousand tons of black gold in the first five months of this year (+18% compared to January-May 2023) for $416 million. Thus, Russia's share in Azerbaijani crude oil imports amounted to 83%.
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1.11 billion barrels of oil were produced from the “Central Azeri” platform, commissioned in February 2005, as part of the full-scale development of the Azeri-Chirag-Guneshli (ACG) field, by July 1, 2024, the State Oil Company of Azerbaijan (SOCAR), which has a 25 percent share in the ACG project.
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Yesterday, Azerbaijani Economy Minister Mikail Jabbarov held a meeting with Ahmed Moalim Figi, Somali Minister of Foreign Affairs and International Cooperation. They discussed issues related to bilateral economic relations between the countries and potential partnership opportunities in the energy sector. The parties stressed the expediency of establishing mutually beneficial economic ties between the two countries, expanding the contractual and legal framework in order to support the development of relations, as well as exchange of experience in areas of mutual interest.
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Azerbaijani gas supplies to Serbia may be increased in the foreseeable future, the parties are currently discussing this issue, the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev told journalists.
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