Azerbaijan exports 21.9m tons of oil in Jan-Oct 2022

By Azernews

By Ayya Lmahamad

Azerbaijan exported 21.9 million tons of oil from January to October 2022, Azernews reports, citing Energy Minister Parviz Shahbazov.

According to the operational data, 27.2 million tons of oil were extracted in the country in the first 10 months of 2022, he added.

Moreover, the minister noted that 38.4 billion cubic meters of gas were produced during this period, adding that 18.2 billion cubic meters of this volume were exported, which is an increase of 7.3 percent.

"According to operational data for the 10 months of this year, 21.9 out of 27.2 million tons of extracted #oil was #exported. Compared to the same period last year, 18.2 out of the 38.4 bcm #gas produced with an increase of 7.3% was #exported," he tweeted.

In 2021, Azerbaijan exported 27.1 million tons of oil worth $13.2 billion. The top five countries in terms of oil imports from Azerbaijan were Italy, Israel, Croatia, Germany, and Portugal. In addition, Azerbaijan produced 34.6 million tons of crude oil in 2021. The slight increase in oil production last year was primarily due to the gradual elimination of voluntary oil output cuts under the OPEC+deal.