Ukrainian oil refineries reduce Azeri oil imports in 2011

Ukrainian oil refineries reduce Azeri oil imports in 2011 Ukrainian refineries imported 704,700 tons of oil from Azerbaijan in 2011, 56.3 percent less than in 2010, Russia’s state news agency ITAR-TASS quoted government sources as saying. The purchase of Russian oil by Ukrainian refineries decreased by 21.5 percent to 4.7 million tons in 2011. Azerbaijan’s state oil company Socar carries out oil supplies to Ukraine’s Kremenchug refinery and two Western refineries... Read More

Oil Dominate in Azerbaijani Export

Oil Dominate in Azerbaijani Export Oil and oil products constituted 94 % of Azerbaijan’s export in 2011 according to CESD sources.  Only 6 % of export was non-oil products. CESD concerned over Azeri export’s reliance on oil revenue since oil continued to dominate in Azerbaijan’s exports accounting for 94 0% of all exports as of October 01 despite efforts to diversify Azerbaijan’s economy away from oil. Last year Azerbaijan’s foreign trade was $36.326bn.  The export... Read More