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In the first half of 2023,Czech Republic increased oil imports from Azerbaijan by 20 %
Baku/09.08.23/Turan: In the first half of 2023, the Czech Republic imported 943.954 thousand tons of oil from Azerbaijan (an increase of 19.7% year-on-year) for 582.404 million euros (an increase of 2.4%).
According to the Czech State Administration, in June, 136.287 thousand tons of oil were delivered from Azerbaijan to the Czech Republic (a decline of 40.6% by June 2020) for 80.994 million euros (a decline of 58.5%).
The Czech Republic, as a whole, in June purchased 597,898 thousand tons of oil (- 3% YoY), spending 265.561 million euros (- 41.9%) for these purposes.
The three main oil suppliers to the Czech Republic in June included: Russia (408,839 thousand tons for 151.29 million euros), Azerbaijan (136,287 thousand tons for 80.994 million euros) and the United States (52,753 thousand tons for 33.264 million euros). –0--
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- Energy
- 9 August 2023 14:19
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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