Azerbaijan is the only supplier of oil to Ukraine. From January through April, Ukraine reduced oil and oil crude imports by 16.2 percent (by 72,740 tons) compared to the same period in 2020 and equaled 377,380 tons.
Over four months of 2021, Ukraine bought $142.6 million worth of crude oil, 18.4 percent less than in January-April 2020 ($174.78 million).
In January-April 2020, Ukraine didn’t export oil.
The State Oil Company of Azerbaijan (SOCAR) has become an exporter of Rosneft oil products to Ukraine. The contract has already been signed. The new operator does not rule out the start of supplies in May and says it has a quota of more than 100,000 tons of diesel fuel and 12,000 tons of liquefied natural gas. SOCAR has announced that it will supply diesel fuel at a price of more than $ 30 per ton. However, no specific figures have been announced for liquefied natural gas due to a lack of interest in emergency supplies because of oversupply in the market.
