BAKU, Azerbaijan, August 17. Total exports of
petroleum bitumen and petroleum coke from Azerbaijan grew in the
first 7 months of 2026.


This was reflected in a report by the State Customs
Committee.


According to the report, the country exported 151,100 tons of
petroleum coke worth $59.9 million in the reporting period.


The exports grew by $25 million, or 71.6%, in value terms, and
by 38,600 tons, or 34.3%, in volume terms, compared to the same
period in 2025.


Concurrently, Azerbaijan exported 9,768 tons of petroleum
bitumen worth $2.88 million from January through July this year.
Compared to the same period last year, the value of petroleum
bitumen exports rose by $1.8 million, or 2.7 times, while volume
rose by 5,700 tons, or 2.4 times.


According to the State Statistics Committee, Azerbaijan produced
354,900 tons of petroleum coke, petroleum bitumen, and other
residues of petroleum products from January through June this
year.


The figure decreased by 44,600 tons, or 11.2%, compared to the
same period in 2025.







As of July 1 this year, the country had 61,200 tons of these
products in stock.


Several major projects are underway in Azerbaijan aimed at
maintaining stable oil production and increasing it in the long
term. In particular, bp, the operator of the country’s main oil
fields, is implementing new investment programs to improve
production efficiency.


According to Gary Jones, bp’s Regional President for Azerbaijan,
Georgia, and Türkiye, the company continues to expand its
operations in the “Azeri-Chirag-Guneshli” (ACG) field block. He
noted that to maintain long-term production levels at the ACG, new
wells are being drilled, existing infrastructure is being
modernized, and innovative technologies are being implemented.


“We continue to invest in ensuring long-term production at the
ACG. Drilling new wells, ensuring the reliable operation of
platforms, and implementing technological innovations are the main
pillars of this strategy,” said bp's representative.


The company is also continuing appraisal work on the promising
“Shafag-Asiman” structure, as well as implementing the “Karabakh”
field development project. In addition, bp is expanding its efforts
to explore new geological structures in the Caspian Sea and
identify additional hydrocarbon reserves.


bp emphasizes that these new projects are aimed not only at
offsetting the natural decline in production at existing fields but
also at preserving Azerbaijan’s energy export potential in the long
term. The company’s investment programs are crucial for ensuring
the sustainable development of the country’s oil and gas sector and
strengthening energy security.