Czech Republic increases oil imports from Azerbaijan, deepening economic ties and diversifying energy sources.

Czech Republic's crude oil imports from Azerbaijan grew 4% in volume and 10% in price in 2024, making it the third-largest buyer. This deepens economic ties between countries, diversifying energy sources, providing stable oil supplies, supporting economic growth and industrial development, and broadening market presence. Azerbaijan gains increased revenues and a stronger global market presence, while the Czech Republic enhances energy security and reduces reliance on traditional suppliers.

August 20, 2024
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