12:31 - 19.10.2026

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October 19, Fineko/abc.az. Azerbaijan exported 15.83 million tons of crude oil for $10.103 billion for Jan-Sept 2026.

Although oil exports dropped by 6.9% in terms of volume against the 2025 same term, they showed a 13% rise in value due to higher prices.

The average price of a barrel of oil grew from $71.75 to $87.08 (a rise of 21.4%). Italy became the largest buyer of Azerbaijani oil with 8.88 million tons ($5.51 billion), followed by the Czech Republic (1.33 million tons) and Romania (1.01 million tons).

Over Jan-Sept 2026, oil production, including gas condensate, in the country fell by 3.9% to 19.86 million tons.