
Azerbaijan's Oil Trade with Czech Republic Hits Four-Year High

In January 2024, the Czech Republic imported 207.7 thousand tons of oil from Azerbaijan, marking a 2% increase compared to the same period in the previous year. According to Interfax-Azerbaijan, citing its sources, the value of oil imported from Azerbaijan to the Czech Republic in January 2024 totaled 120.6 million euros, representing a decrease of 6.5% year-on-year.
Overall, the Czech Republic imported 622.6 thousand tons of oil in January 2024, reflecting an 8.8% decrease year-on-year, valued at €349.6 million, which indicates a 12% increase compared to the previous year.
Russia was the primary supplier of crude oil to the Czech Republic during the month, providing 292.7 thousand tons worth €158.2 million, followed by Azerbaijan with 207.7 thousand tons worth €120.6 million and Kazakhstan with 122.2 thousand tons worth €70.8 million.
In 2023, the Czech Republic imported approximately 2 million tons of oil from Azerbaijan, marking a 13.9% increase compared to the previous year. This volume represents the highest recorded in the past four years.
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