Oil and Gas Export of Azerbaijan Reached USD 23.4 bn in 2012
OREANDA-NEWS. December 13, 2012. The Central Bank of Azerbaijan running payment balance statistics says of keeping dependence of the country’s foreign trade on fuel-energy complex over 2012.
The CBA reports that for Jan-Sept 2012 fuel and raw material export brought to the country USD23.88 bn with overall export of USD24.8 bn against USD25.139 bn and USD26.8 bn for the first three quarters of 2011.
Last year fuel and raw material export provided for the country USD33.435 bn with overall export of USD34.49 bn versus USD25.398 bn and USD26.476 bn in 2010 and USD20.217 bn and USD21.096 bn in 2009 respectively.
For Jan-Sept 2012 export of fuel and energy complex totaled USD23.4 bn against USD25.7 bn a year earlier.
Over the past year oil and gas complex export reached USD32.87 bn against USD25.107 bn in 2010 and USD19.969 bn in 2009.
At that, oil export proceeds reached USD22.5 bn for Jan-Sept 2012: USD21.3 bn from export of oil and USD1.2 bn from petroleum products.
Over the 3 quarters of 2012 the Azerbaijan International Operating Company (AIOC) provided oil export for USD20.1 bn and the other producers for USD1.2 bn, including the State Oil Company of Azerbaijan (SOCAR) for USD1.1 bn and condensate from Shah Deniz gas field for USD89.8 million.
Last year earnings from the oil export totaled USD31.6: USD29.8 bn from export of crude oil and USD1.8 bn from petroleum products.
The AIOC provided oil export for USD28.2 bn and the other producers for USD1.6 bn, including the SOCAR for USD1.5 bn and condensate from Shah Deniz gas field for USD114.4 million.
In 2010 oil export was USD23.8 bn: USD22.3 bn from export of crude oil and USD1.57 bn from petroleum products. The AIOC provided oil export for USD21 bn and the other producers for USD1.3 bn, including the SOCAR for USD1.162 bn and condensate from Shah Deniz gas field for USD126.3 million.
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