Sharp Decline in Azerbaijani Oil Income in January 2015

Sharp Decline in Azerbaijani Oil Income in January 2015

Azerbaijan exported 1 million 697 thousand 768 tones crude oil through Baku-Tbilisi-Ceyhan (BTC) pipeline in January, 2015: according to the CESD report based on State Oil Company of Azerbaijan Republic’s (SOCAR) official figures. Meanwhile, the country exported 169, 507 thousand tones crude oil through Baku Novorosiysk and 254, 107 thousand tones via Baku Supsa pipelines in the indicated period. 2,122 million tones oil was exported in total from Azerbaijan to the world market in January, 2015. Average price for Azerlight, Azerbaijani oil, was $ 49,53 US per barrel last month. After a sudden decline in oil prices in the world market in 2014 Azerbaijan oil export declined by 326 thousand tones or 13.4 % in January, 2015 compared to previous month…

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