Nowadays oil is considered to be one of the most important raw materials. Petroleum products are widely used in various industries.

The Western Route Export Pipeline (Baku-Supsa) operated by BP has loaded the 1,000th tanker at the Supsa terminal on the Black Sea, BP reported on November 30.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 53 cents on Feb.12 compared to the previous price, making up $62.77 per barrel, Trend reports with reference to the source from the country's oil and gas market.

Azerbaijan exported 28.4 million tons of oil, including condensate in 2020, Azertag has reported.

Oil transportation through the Baku-Supsa pipeline increased by 13 percent in January-September 2020, local media sources have reported.

Baku-Tbilisi-Ceyhan and Baku-Supsa oil pipelines, Baku-Tbilisi-Erzurum gas pipeline has strongly contributed to pan-European energy security and beyond, Bulgarian MEP Ilhan Kyuchyuk told Trend.

Baku-Supsa oil pipeline solidified close cooperation between Azerbaijan and Georgia in the energy sector, uttered high official from both sides during the 20th anniversary of the pipeline.

The Baku-Supsa oil pipeline commissioning gave impetus to the development of the economies of both Azerbaijan and Georgia.

The transfer of non-recognized borders of Georgia's separatist region of South Ossetia, which has affected the Baku-Supsa pipeline, is fully resolved, Georgian Ambassador to Azerbaijan Teymuraz Sharashenidze told journalists on August 7.

The State Oil Company of the Azerbaijani Republic (SOCAR) exported 1.522 mln tons of oil via the Baku-Supsa pipeline in January-July, 2013, AzerTag state news agency reported.