Energy revenues top $15bn over nine months
Energy resources remain a key source of revenues for
Azerbaijan. The country`s proceeds from oil and gas exports more
than quadrupled in January-September 2008, compared to the same
period of last year, to reach $15.7 billion.
In this period, the resource-rich South Caucasus republic exported oil and gas worth $25 billion, or 86.6% over last year`s figure, according to statistical data.
Oil and oil products currently account for over 95.6% of the country`s commodity exports. Crude makes up about 93% of the oil products marketed to other countries.
As for gas sales, Azerbaijan sold gas totaling $41 million in this period, which is 30% below the level reported in January-September 2007.
In this period, the resource-rich South Caucasus republic exported oil and gas worth $25 billion, or 86.6% over last year`s figure, according to statistical data.
Oil and oil products currently account for over 95.6% of the country`s commodity exports. Crude makes up about 93% of the oil products marketed to other countries.
As for gas sales, Azerbaijan sold gas totaling $41 million in this period, which is 30% below the level reported in January-September 2007.
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