Azerbaijan exported oil products for $1.27 bn in 2009

Azerbaijan exported oil products for $1.27 bn in 2009

For Jan-Oct 2009 Azerbaijan imported 53,563 tons of petroleum products for $46.475 million versus 78,855 tons of petroleum products for $96.78 million in 2008.
This October import totaled 2,455 tons for $2.38 million against 1,777 tons for $1.95 million in September, 8,476 tons for $6.58 million in August, 11.192 million tons for $6.772 million in June and 3.689 million tons for $3.397 million in May.

The State Customs Committee has informed for Jan-Oct 2009 the share of oil products in country’s overall import made only 0.94%.

For Jan-Oct 2009, as well as in 2008, Azerbaijan did not import oil gas and other gas hydrocarbons, while their import in 2007 reached 470.118 million cu m for $52.086 bn (0.91% of 2007 overall import).

For Jan-Oct 2009 export of oil products from Azerbaijan totaled 2.7 million tons for $1.266 bn (10.95% of country’s overall export with 27.78% decline versus Jan-Oct 2008). The past year’s export of oil products from Azerbaijan totaled 2.847 million tons for $2.05 bn, and for October 2009 – 203,897 tons for $102.047 bn.

For Jan-Oct 2009 it was exported 1.917 million tons of petroleum products for $786.18 million in freely convertible currency in accordance with the contracts versus 2.8 million tons of petroleum products for $2.02 bn in 2008.

For Jan-Oct of the year sales in accord with contracts in national currency totaled 761,568 tons for $467.5 million, and registration for export in accord with conventional declarations was passed by 22,349 tons versus 37.505 tons for $31.668 million for the 2008 same term.

For Jan-Oct 2009 the SOCAR Department of Marketing & Economic Operations exported 1.758 million tons (65,1%) of petroleum products, Department AZAL Oil CJSC of Azerbaijani Airlines AZAL 761,568 tons (28.19%), oil-processing plant Azneftyag 101,215 tons (3.75%), and Ilqar Firm 50,916 tons (1.88%).

In 2008, the SOCAR Department of Marketing & Economic Operations exported 2.47 million tons (86.89%) of petroleum products, QKSSS LLC 98,274 tons (3.45%), Azneftyag 92,333 tons (3.24%), Caspian Petrol-1 69,210 tons (2.43%).

For Jan-Aug 2009 foreign trade turnover of Azerbaijan totaled $12.407 bn, including import of $3.8 bn and export of $8.58 bn.