BAKU, Azerbaijan, March 11. Azerbaijan exported 1.2 million tons of crude oil and crude oil products derived from bituminous rocks to India last year.
Data obtained by Trend from the Azerbaijani State Customs Committee
shows that the fiscal influx generated from this quantum of
hydrocarbon exports totaled $730 million.
The outbound shipment of crude oil and its derivative products
sourced from bituminous formations to India experienced a
contraction of 850,000 tons, equating to a 42.3 percent reduction
in volume, alongside a decline of $497 million, representing a 35.2
percent decrease in monetary value relative to the 2023
metrics.
In the fiscal year 2023, Azerbaijan executed the exportation of
2.05 million metric tons of crude oil and associated derivatives,
with a market valuation of $1.2 billion, directed towards the
Indian subcontinent, specifically focusing on hydrocarbons
extracted from bituminous geological formations.
