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Bulk of Azerbaijan’s exports accounts for oil and gas products

25 March 2014 13:30 (UTC+04:00)
Bulk of Azerbaijan’s exports accounts for oil and gas products

By Jamila Babayeva

Azerbaijan exported around $30.7 billion worth of oil and oil products in 2013 or 5.6 percent less compared to 2012, the balance of payments published by the country's Central Bank reads.

Oil and gas products accounted for 94.9 percent of the exported goods.

Around $1.6 billion of the total volume of exported oil products was oil processing products. The country exported about $26.9 billion worth of oil.

Azerbaijan International Operating Company (AIOC) produced around $25.3 billion worth of the total volume of the exported oil. Some $303 million fell to the condensate from the Shah Deniz field and about $1.34 million came from Azerbaijan's state oil company SOCAR.

Azerbaijan's export amounted to around $32.4 billion compared to $31.8 billion in 2012.

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