Azerbaijan Sees Oil And Gas Revenues Grow Significantly In 2022

Azerbaijan has been enjoying a huge boost in revenues from its oil and gas exports, thanks to a deal it made with the European Union last year amid Russia’s invasion of Ukraine and the resulting sanctions. According to the latest data from Azerbaijan’s State Customs Committee, the country earned $33.6 billion solely from oil and gas exports in the first 11 months of 2022, which is 2.2 times greater than revenues for the same period of 2021. The same data reaffirmed the Azerbaijani economy’s overwhelming dependence on…