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Markets

Azeri oil exports down 0.4pc in Jan-Oct: customs

Published November 18, 2015 Updated November 18, 2015 12:18pm

imageBAKU: Azerbaijan's oil exports edged down 0.4 percent in January through October compared with a year earlier, driven by a decline in oil production, a source at the State Customs Committee said on Wednesday.

Azerbaijan exported 28.1 million tonnes of oil in the first 10 months of this year.

Exports of oil via Russia through the Baku-Novorossiisk pipeline amounted to 1.1 million tonnes in the period, up from 848,519 tonnes a year earlier, the source said.

Exports through the Baku-Supsa pipeline via Georgia declined to 3.54 million tonnes from 3.56 million, while exports through Baku-Tbilisi-Ceyhan via Georgia and Turkey were 22.6 million tonnes, down from 23.05 million.

Oil exports shipped by rail via Georgia rose to 835,086 tonnes from 755,358 tonnes.

Azerbaijan's oil exports fell 3.5 percent to 33.04 million tonnes in 2014 from 34.25 million in 2013.

Crude oil and condensate production in Azerbaijan declined to 35 million tonnes in the 10 months through October from 35.7 million a year earlier, the source said.

Copyright Reuters, 2015

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