Azerbaijan reports rising oil exports to Greece and increased household debt

Azerbaijan is seeing significant shifts in its energy exports and domestic financial indicators. The price of Azeri Light crude rose to $131.62 per barrel at the port of Augusta, Italy, and $120.70 per barrel at the Ceyhan port in Turkey.

Oil and oil product exports to Greece grew by 22.4% in volume and 41.7% in value between January and August 2026, totaling $182.8 million. This marks a notable increase compared to the same period in 2025.

Domestically, the Central Bank of Azerbaijan reported that the household debt-to-disposable income ratio rose to 18.7% in the first half of 2026. While disposable income increased, the share of debt grew alongside it. Additionally, the banking sector's deposit dollarization fell to 34%, while loan dollarization rose slightly to 15.6%.