How much oil does Azerbaijan sell?

Trade. Azerbaijan’s crude oil exports were about 568,000 b/d in 2020 (Figure 4). Most of the exports were destined for European countries, with Italy receiving 34\% of Azerbaijan’s crude oil exports in 2020.

Is Azerbaijan rich in oil and gas?

Azerbaijan holds 7,000,000,000 barrels of proven oil reserves as of 2016, ranking 20th in the world and accounting for about 0.4\% of the world’s total oil reserves of 1,650,585,140,000 barrels. Azerbaijan has proven reserves equivalent to 199.8 times its annual consumption.

Is Azerbaijan a major oil producer?

The petroleum industry in Azerbaijan produces about 873,260 barrels (138,837 m3) of oil per day and 29 billion cubic meters of gas per year as of 2013. Azerbaijan is one of the birthplaces of the oil industry. It is poised to become an important oil and gas producer once again.

Where does Europe get natural gas from?

Russia
Europe relies on Russia for around 35\% of its natural gas. The bulk comes through pipelines including Yamal, which goes through Belarus and Poland to Germany, Nord Stream, which goes directly to Germany, and pipelines going through Ukraine.

Where does Europe gets its natural gas?

Most of the UK’s gas comes via pipelines from Norway — the continent’s largest producer after Russia — or as shipments of liquefied natural gas (LNG), predominantly from Qatar, and more recently from the US and Russia. The UK also imports a small proportion of its gas via pipelines from the Netherlands and Belgium.

What is the main export of Azerbaijan?

Azerbaijan’s exports are dominated by oil and natural gas, which account for around 95 percent of total export revenues. Azerbaijan’s other exports include sugar, fruits, metals and polymers. Azerbaijan’s main exports partners are Italy, the United Kingdom, the United States, Israel, Indonesia, France and Turkey. .