Azerbaijan emerges as major oil supplier to Britain in energy trade upswing

Azernews.Az

26 May 2025 13:57 (UTC+04:00)

Qabil Ashirov

For Azerbaijan, the benefits of higher export volumes and stronger trade relations with Britain are multifaceted. The country has long aimed to diversify its economy while maintaining strong oil revenues, and this latest expansion suggests effective market strategies and global partnerships. Crude oil prices per ton have also risen, reaching an average of 957 manat ($564) per ton, marking a 5.5% increase compared to the same period in 2024. This reflects both global energy market trends and Azerbaijan’s ability to command competitive pricing amid shifting demand.

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