Azerbaijan’s crude oil exports to Portugal triple

Azerbaijan exported just over 691,401 tons of crude oil to Portugal, valued at more than $437.5 million in the first eight months of 2024, marking a 3-fold increase both in terms of volume and value year-on-year, Report informs, citing Azerbaijan’s State Customs Committee.

The share of crude oil exported to Portugal in Azerbaijan’s total oil exports was 4.2%.

According to the customs declarations, in total, Azerbaijan exported just under 16.476 million tons of crude oil and related products obtained from bituminous rocks, valued at more than $10.3 billion in January-August 2024.

In that period, Azerbaijan conducted trade transactions with foreign countries worth over $30.995 billion in the initial eight months of 2024.