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EU Cut Oil Imports from Azerbaijan by 41% in Jan

OIL

The EU cut oil imports from Azerbaijan by 40.8% year-on-year in January to around 1m mt, Eurostat said.

  • The three main importers of oil from Azerbaijan were: Italy – down 34.8% on the year to 579.5k mt; the Czech Republic – up 2% to 207.7k mt; Portugal – up 9.7% to 138.3k mt.
  • The EU had increased oil imports from Azerbaijan by 2.6% on the year in 2023 to around 20.3m mt.

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