SOCAR exports over 1 mln oil products, petrochemicals in 2016

The State Oil Company of the Azerbaijani Republic (SOCAR) exported 1.139 million tonnes of oil-refined products and petrochemicals on world markets in 2016, SOCAR's press office told Interfax.


The company exported 728,374 tonnes of diesel fuel, 177,506 tonnes of jet fuel, 2,416 tonnes of fuel oil, 84,54 tonnes of high pressure polyethylene, 9,931 tonnes of isopropyl alcohol, 69,946 tonnes of liquid pyrolysis resin, 43,837 tonnes of propylene, and 23,347 tonnes of butylene-butadiene fraction.


In December alone, the company exported 87,323 tonnes of oil products and petrochemicals, including 52,203 tonnes of diesel fuel, 3,471 tonnes of jet fuel, 7,813 tonnes of high pressure polyethylene, 12,369 tonnes of liquid pyrolysis resin, 6,282 tonnes of propylene, 605 tonnes of isopropyl alcohol, 4,580 tonnes of butylene-butadiene fraction.


According to SOCAR, the average global market price was $532.08 per tonne for leaded gasoline ($471.35 per tonne in November), $493.1 for jet fuel ($440.42 in November), $467.91 for diesel fuel ($408.57), $306.56 for fuel oil with 1% sulfur content ($257.85), $1,190 for high pressure polyethylene ($1.213), $575.29 for butylene-butadiene fraction ($524.7), $532.08 for liquid pyrolysis resin ($471.35), 725 euros for propylene (755 euros) and 900 euros for isopropyl alcohol (918 euros).


In 2015 the company exported 1.226 million tonnes of oil products.


Since January 1, 2015 Azerbaijan has one oil refinery, the Bakinsky oil refinery named after Heyder Aliyev.

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