Azerbaijan increased the export of oil products by 22.1 percent year-on-year to 861,657 tonnes in January-July of 2021, the State Customs Committee said.

In nominal terms export of oil products amounted to $394 million as of August 1, two times more than a year ago due to the rise in oil prices on the world markets.

Exports of oil products in the first seven months of this year accounted for 2.13 percent of total exports from Azerbaijan, the committee said.

In 2020, Azerbaijan exported 1.064 million tonnes of oil products for $295.1 million.

Crude is processed at the Baku Oil Refinery, which produces 15 different petroleum products, including gasoline, aviation kerosene, diesel fuel, naphta, petroleum coke, and others. The sole refinery in the oil-rich country meets the nation’s entire demand for petroleum products and exports 45 percent of its petroleum products.