Azerbaijan reduces revenues from oil bitumen exports by nearly 24%

During January-October of this year, Azerbaijan exported 88,997 tons of oil bitumen (-41.3%) worth $25.435 million (-23.6%), Report informs, citing the State Customs Committee (SCC).

During the reporting period, the share of oil bitumen in the country's total exports was 0.07%.

As the only oil refinery in the region, the Heydar Aliyev Oil Refinery of SOCAR provides Azerbaijan with fuels such as RON-92, diesel, and jet fuel and also supplies SOCAR's petrochemical plants in Azerbaijan with raw materials. Some of the plant's products are exported. Modernization and reconstruction work aimed at increasing the refinery's production capacity, providing the country with high-quality fuel in accordance with Euro-5 standards, stable supply of Azerikimya PU, and increasing the export potential of oil products are essential for Azerbaijan's industry.