Azerbaijan Publishes Its Oil, Gas Revenues for Current Year

Azerbaijan exported 23 million 790.5 thousand tons of oil in January-October 2020, which is 8.5% less than the same period in 2019

As reported in the monthly report of the Azerbaijan Customs Committee, the total cost of oil exported from Azerbaijan for the reporting period amounted to $ 7 billion 28 million 283.9 thousand (decline by 41.2%). 

The average export price of 1 barrel of Azerbaijani oil was $ 39.92.

Gas exports from Azerbaijan in January-October 2020 amounted to 11 billion 2 million cubic meters (an increase of 13.2%). 

The total cost of gas exported from the country during the reporting period amounted to $ 2 billion 386 million 40.19 thousand (an increase of 16.4%). 

The average export price of 1,000 cubic meters of Azerbaijani gas was $ 216.87.

As reported, in 2019 Azerbaijan exported 31 million 238 thousand tons of oil in the amount of $ 14 billion 447 million 114 thousand, gas – 12 billion 210.2 million cubic meters for $ 2 billion 569 million 583.3 thousand.

Azerbaijani gas is currently exported to Georgia and Turkey.

Caspian Barrel