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Italy accounts for significant part of Azerbaijani oil exports since beginning of year

Oil&Gas Materials 24 October 2023 04:10 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 23. Azerbaijan exported over 7.9 million tons of oil and oil products to Italy from January through September 2023, which is 40.17 percent of total Azerbaijani exports of raw materials, Trend reports.

This figure increased by 5.66 percent year-on-year (by more than 427,460 tons).

In value terms, Azerbaijani exports of oil and oil products to Italy amounted to over $4.9 billion from January through September 2023, down 12.12 percent year-on-year.

Azerbaijan exported a total of 19.8 million tons of oil and oil products from January through September 2023, which is 1.86 percent more than last year (19.5 million tons). In value terms, oil exports exceeded $12.1 billion, which is 18.59 percent or $2.7 billion less year-on-year.

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