In 2020, the State Oil Company of Azerbaijan (SOCAR) exported 17.9 million tons of crude oil to foreign markets.
The company also exports the profit share of the oil produced by consortiums of international companies operating in the country, which belongs to the state of Azerbaijan and SOCAR.
A total of 12 billion cubic meters of natural gas was consumed in the country during the year. Azerbaijan’s natural gas exports increased by 16% to 13.4 billion cubic meters. In 2020, Azerbaijan exported natural gas to the Turkish and Georgian markets, and on the last day of the year to the European market for the first time.