Bank Of Baku

Azerbaijan's revenues from oil product exports more than doubled

Azerbaijan
# 16 April 2026 09:37 (UTC +04:00)

Azerbaijan exported 187,341.29 tons of petroleum products worth 130,938.65 thousand US dollars in January–March of this year, APA-Economics reports, citing its calculations based on data published by the State Customs Committee.

During the reporting period, the value of Azerbaijan’s petroleum product exports increased 2.3 times, while the volume rose by 53.1% compared to the corresponding period in 2025.

Note that oil in Azerbaijan is processed at the Heydar Aliyev Baku Oil Refinery, the foundation of which was laid in 1953. The refinery fully meets the country’s demand for petroleum products. Reconstruction and modernization works are currently underway at the refinery.

 

 

 

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