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20.12.2015 12:02

Azerbaijan’s oil and gas export for Q3 of 2015 exceeds $3.3 bn

The Central Bank of Azerbaijan running payment balance statistics has reported of kept dependence of country’s foreign trade on fuel & energy complex in 2015.

The CBA reported that for the first 3 quarters of 2015 fuel & raw material export brought $11.206 bn to the country amid total export of $12.3 bn.

At that, the export of oil and gas complex brought $3.796 bn for Q1, $4.05 bn in Q2, and $3.356 bn in Q3 of 2015.

At that, the oil and gas import reached $1.5 bn against $7.02 bn of the entire import.

At that, for the past 3 quarters of 2015 oil export was estimated in $10.3 bn, including $788.4 million of revenue from export of oil products and $9.5 bn of revenue from exports of crude oil.

For comparison, over the 1st quarter of 2015 the revenue was $3.4 from the export of oil:  $3.2 bn from oil export and $279.9 million from petroleum products. In Q1 of 2014 the export totaled $6.7 bn on oil and $413.8 million on petroleum products.

Over the 1st quarter of 2015 the Azerbaijan International Operating Company (AIOC) ensured oil export for $3 bn against $6 bn a year earlier and other manufacturers for $155.9 bn versus $302.9 bn.

During the 1st quarter the State Oil Company of Azerbaijan (SOCAR) carried out export for $122.2 million versus $261.5 million a year earlier. The condensate from gas field Shah Deniz gave the revenue for $33.7 million versus $41.4 million.

In 2014 SOCAR carried out export for $1.2 bn against $2.6 a year earlier. The condensate from Shah Deniz gas field gave the revenue for $33.7 million against $41.4 million.

In 2014 the fuel & raw material export brought $27.07 bn to the country amid total export of $28.259 bn. For comparison, in 2013 the fuel and raw material exports amounted to $30.5 bn with total export for $31.776 bn and for 2012 -$31.26 bn and $32.37 bn respectively.

In the 1st quarter of 2014 the fuel & commodity export was estimated at $7.228 bn, in the 2nd quarter $7.75 bn, in the 3rd quarter $7.086 bn, and in the 4th quarter $5.005 bn.

Last year the export of oil and gas complex brought $26.627 bn versus $30.5 bn for 2013 and $30.7 bn for 2012. In Q1 the revenue from it reached $7.138 bn, in Q2 - $7.66 bn, in Q3 -$6.95 bn, and in Q4 - $4.875 bn.

Revenue from oil export for 2014 totaled $25.3 bn: $23.5 bn from export of oil and $1.768 bn from petroleum products. For comparison, last year’s revenue was $28.5 bn: $26.9 bn from the export of oil and $1.6 bn from petroleum products. In 2012 with the revenue of $29.4 bn it was received $27.7 bn from the export of oil and $1.7 bn from petroleum products.

In Q1 of 2014 export amounted to $6.7 bn on oil and $413.8 million on oil products, in Q2 - $7.1 bn and $305.6 million, in Q3 - $6 bn and $608.9 million, and in Q4 - $4.1 bn and $439.9 million respectively.

In 2014 Azerbaijan International Operating Company (AIOC) ensured oil export for $22.1 bn against $25.3 bn for 2013 and to $26.1 bn for 2012, and other manufacturers for $1.38 bn compared to $1.6 bn and $1.7 bn respectively.

In Q1 of 2014 the revenues amounted to $6 bn on AIOC and $302.9 million on other producers, in Q2 - $6.5 bn and $604.9 million, in Q3 - $5.8 bn and $275.2 million, and in Q4 - $3.8 bn and $201 million respectively.

In 2014 SOCAR carried out exports for $1.2 bn against $1.337 bn for 2013 and $1.6 bn for 2012. Condensate from Shah Deniz gas field, gave the proceeds for $173.5 million against $303 million and $134.9 million respectively.

In Q1 of 2014 SOCAR revenue totaled $261.5 million and Shah Deniz Project $41.4 million, in Q2 - $670.6 million and $34.3 million, in Q3 -$221.7 million and $53.4 million, and in Q4 -$156.3 million and $44.4 million respectively.

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