![SOCAR has increased urea exports to the EU by 6 times](https://turan.az/resized/media/2023/main/092700067242-750-500-resize.webp)
SOCAR has increased urea exports to the EU by 6 times
Baku/27.09.23//Turan: In January-July 2023, the countries of the European Union (EU) imported 85.68 thousand tons of urea from Azerbaijan (an increase of 5.9 times) for 33.114 million euros (an increase of 3.7 times), the monthly report of the Statistical Office of the European Union (Eurostat).
The top five importers of urea in January-July included: Romania - 55,785 thousand tons (3.8 times growth), Italy - 19,440 thousand tons, Greece - 5.5 thousand tons (there were no deliveries a year ago), Slovenia - 4,753 thousand tons (there were no deliveries a year ago) and Poland - 0.18 thousand tons (there were no deliveries a year ago.)
According to statistics, in July 2023, Azerbaijan exported 9.92 thousand tons of these products to the EU (an increase of 74% compared to July 2022) for 2.94 million euros (a decline of 18.9%) and almost all of this volume was delivered to Romania.
According to Eurostat, in 2022, EU countries imported 78,651 thousand tons of carbamide from Azerbaijan (an increase of 31.9% compared to 2021) by 53.784 million euros (an increase of 1.7 times or 74.2%).
SOCAR Carbamide Plant is engaged in the production of mineral fertilizers in Azerbaijan.
SOCAR Carbamide Plant was put into operation on January 16, 2019, in June the company began exporting carbamide. The enterprise includes three production sites: ammonia production; urea production; production of urea granules. For the production of these products, the plant uses domestic natural gas as raw materials. -0-
Energy
-
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%.
-
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.
-
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.
-
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.
Leave a review