Commodity Market Report

Azerbaijan product markets long-term outlook H1 2019

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Azerbaijan is well under way for the modernisation of its sole oil refinery, planned to be completed by 2021. In 2018, the country was marginally deficit total products, but had a considerable surplus in diesel/gasoil. The completion of the modernisation program will shift the deficit of light products, like gasoline and jet/kerosene, to surplus, though strong demand will slightly subdue this in the long-term.

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    Liquid road fuel demandTotal car parc (passenger vehicle stock)Share of car parc by fuel type
    Demand forecastRefinery throughputs and utilisationRefinery throughputs and utilisationRefinery productionRefinery yields (wt %)Refinery capacity investments 2019-2025Refinery capacity by typeNon refinery supply by productNon refinery supply by sector
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    Azerbaijan product markets long-term outlook H1 2019

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