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Germany’s crude oil imports from Azerbaijan down

Oil&Gas Materials 23 October 2023 11:54 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, October 23. Germany has imported a total of 618,571 metric tons of crude oil and petroleum products from Azerbaijan from January to August 2023, Eurostat, the European Union's statistical office, told Trend.

The value of exports during this period amounted to 360.2 million euros.

In August 2023, Azerbaijan supplied 106,731 metric tons of crude oil and petroleum products to Germany, representing a 5.8 percent decrease compared to the 113,315 metric tons delivered in July.

Germany's expenditure on imports of crude oil and petroleum products from Azerbaijan in August was 60.2 million euros, showing a 3.7 percent decrease from the 62.5 million euros spent in July.

Oil from Azerbaijan is transported to neighboring countries and global markets through three major pipelines: Baku-Novorossiysk, Baku-Supsa, and Baku-Tbilisi-Ceyhan (BTC). Currently, transportation via the Baku-Supsa pipeline is temporarily suspended.

In addition, oil is exported by rail to the Georgian terminals in Batumi and Kulevi.

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