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Asia Today ISSN 1861-4604 Monday, February 19, 2018

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Georgia increases import of petroleum products from Azerbaijan

Supplies from Azerbaijani to Georgia

Share on Facebook August 22, 2015, Reporter : Trend, Reader : 439

PHOTO CREDIT: Trend News Agency news

Baku, Azerbaijan, Aug.22 By Maksim Tsurkov – Trend: Georgia imported 150,100 metric tons of oil and petroleum products worth $79.39 million from Azerbaijan in Jan.-July of 2015, GeoStat (Georgia’s national statistics office) said in its report on the first seven months of 2015.

Oil and petroleum products supplies from Azerbaijani to Georgia in Jan.-July, accounted for 21.4 percent of the total volume of Georgia’s import of these products, said the report.

In total, Georgia has imported $371.16 million worth oil and petroleum products since early 2015, according to the report.

Georgia imported 148,720 metric tons of oil and petroleum products worth $135.62 million from Azerbaijan in Jan.-July 2014.

The country imported $316.08 million worth products from Azerbaijan in Jan.-July of 2015, or 9.1 percent less than in the same period of 2014.

Previously, petroleum products in Azerbaijan were produced at two refineries in Baku. Both of these refineries were included in SOCAR which annually processes around 7 million metric tons of oil produced at onshore and offshore fields with its own funds.

However, SOCAR announced about liquidation of Azneftyag oil refinery and its merger with Baku Oil Refinery named after Heydar Aliyev in December 2014.

The major part of Azerbaijani petroleum products is exported to Georgia.

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