Baku, Azerbaijan, April 25
By Maksim Tsurkov - Trend:
Georgia imported 56,840 metric tons of oil and petroleum products worth $28.29 million from Azerbaijan in January-March 2015, the Georgian National Statistics Service's foreign trade report as of January-March 2015 said.
The volume of supplies increased by 11.2 percent, while in terms of value decreased [due to the oil price fall] by 1.6 times compared to the same period of 2014.
Oil and oil products from Azerbaijan in January-March amounted to 21.9 percent of a total import volume of Georgia in this category of products, the report said.
Georgia has imported oil and oil products in the amount of $129.44 million since early 2015.
In annual terms, the volume of Georgian imports of oil and oil products from Azerbaijan in value terms declined by 39.2 percent (in quantitative terms, supplies increased by 5,700 metric tons in oil equivalent or by 11.1 percent).
For comparison, Georgia imported 51,140 metric tons of oil and oil products in the amount of $46.5 million from Azerbaijan in January-March 2014.
Georgia imported the products worth $150.7 million from Azerbaijan in January-March 2015 or by 16.6 percent less than in the same period of 2014.
Previously, Azerbaijani petroleum products were produced at two refineries in Baku. Both of these refineries were included in SOCAR which annually processes around 7 million metric tons of oil produced at onshore and offshore fields with its own funds.
SOCAR announced about liquidation of Azneftyag oil refinery and its merger with Baku Oil Refinery named after Heydar Aliyev in December 2014. The major part of Azerbaijani petroleum products is exported to Georgia.
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