Azerbaijan earns nearly $13M from oil and gas transportation in 2021

In 2021, Azerbaijan earned $12.6 million (21.4 million manats) from the transit of oil and gas through the country's territory, Report informs, citing the opinion of the Chamber of Accounts on the annual report of the State Oil Fund of Azerbaijan (SOFAZ).

This figure is 0.54 million manats ($0.32 million) or 2.5% less than the figure envisaged in the budget (21.9 million manats or $12.88 million) and 1 million manats ($0.59 million) higher than 20.4 million manats or $12 million in 2020.

In the reporting period, the Western Route Export Pipeline transported 31 million barrels of oil (forecast: 32.2 million barrels) through Azerbaijan.