BAKU, Azerbaijan, Aug.2. OPEC recorded a 41.2 percent decrease year-on-year in Azerbaijan’s exports of petroleum products in 2022, Trend reports.
The cartel estimates that the country exported 22,000 barrels of petroleum products per day in 2022, versus 38,000 b/d in 2021.
Meanwhile, the exports stood at 27,000 b/d in 2018 and 28,000 b/d in 2019 and 2020 each. As such, Azerbaijan’s petroleum products’ supplies dropped by 18.5 percent since 2018.
Azerbaijan exported 12.8 million tons of crude oil and petroleum products worth $7.8 billion from January through June 2023.
According to the State Customs Committee of Azerbaijan, the top 3 importers of Azerbaijani oil are headed by Italy (4.9 million tons worth $3 billion), followed by Spain (1 million tons worth $644.6 million) and Israel (1 million tons worth $631.3 million) from January through June 2023.
More than 65 percent of oil production in Azerbaijan account for the Azeri-Chirag-Gunashli block of fields.
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement. ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGCVidesh (2.31%).
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