SOCAR: Decline in export of oil products from Azerbaijan is connected with growth in domestic demand

SOCAR: Decline in export of oil products from Azerbaijan is connected with growth in domestic demand
# 01 March 2013 13:58 (UTC +04:00)

To him, the domestic demand for petroleum products is increasing every year by 13-14%: ‘As an indication of development this is really good, but at the same time, the decline in export is not profitable for the oil companies because oil products in the country is much cheaper than abroad’.

Remind that, the export of oil products from Azerbaijan decreased by 13.5% in 2012. Reduction continues this year, too - in the first month of 2013 it dropped 14.2%.

Abdullayev also said that there is no risk of stopping the export of petroleum products or their purchases from abroad to meet domestic demand there: ‘We have discussed this question and came to terms that until commissioning of a new oil&gas chemical complex in 2020, the old plants will provide the country with oil products’.

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