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Energy

Azerbaijan’s crude exports fell 6.9% in volume and rose 13% in value over nine months

The State Customs Committee’s table for January to September puts crude exports at 15.83 million tonnes worth $10.10 billion, with Italy taking 56% of the tonnage. India’s purchases rose fourfold to 524,000 tonnes, and the agency Report has printed no Azeri Light price since Saturday.

Bar chart of Azerbaijan's crude exports in the first nine months of 2026 in million tonnes by buyer: Italy 8.88, Czechia 1.33, Romania 1.01, Germany 0.63 and India 0.52 highlighted.

Azerbaijan exported 15,829,590 tonnes of crude in January to September, 6.86% less than in the same months of 2025, for $10,103.5 million, 13.03% more, by the customs committee’s table as Report published it on Monday morning. The ten largest buyers took 14.19 million tonnes of it.

Italy took 8.88 million tonnes, 7.4% less than a year earlier, for $5.51 billion, 10.4% more, and the three largest buyers together took 71% of the volume. Czechia bought 1.33 million tonnes, up 1.4%, for $908 million, and Romania 1.01 million tonnes, up 30.2%, for $644 million, up 50.1%.

India is the mover in the table: 524,338 tonnes, four times the 2025 figure, worth $399 million, seven times. Germany fell 25.5% to 627,442 tonnes and Portugal 44.7% to 395,032 tonnes, while Tunisia, Bulgaria, Indonesia and Switzerland each bought between two and four and a half times more than a year earlier. The “other” line, buyers outside the ten, fell 48.2% to 1.64 million tonnes.

Italy took 8.88 million tonnes, 7.4% less than a year earlier, for $5.51 billion, 10.4% more, and the three largest buyers together took 71% of the volume.

The value rose while the volume fell because the price did: by CAW’s arithmetic on the table, the average value of a tonne of exported crude was $638 in the nine months against about $526 a year earlier. Report’s listing of the same morning carried titles on the committee’s nine-month gas exports, about 18 billion cubic metres, and on oil-product revenue doubling.

The agency’s own price print has paused. Its last Azeri Light print was Saturday’s, $116.26 a barrel, and its energy listing showed no print on Monday and none on Tuesday by 09:55 Baku time, while its 09:43 item put Brent’s December future at $109.92, up 37 cents on the day after Houthi strikes on Saudi oil infrastructure.

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