Baku, Azerbaijan, Sept.1
By Anvar Mammadov - Trend:
The State Oil Company of Azerbaijan (SOCAR) exported 769,272 metric tons of petroleum products in January-August 2015, or 26.06 percent less than in the same period of 2014, SOCAR said.
The company exported 1.2 million metric tons of petroleum products in 2014, compared to 1.05 million metric tons in 2013.
Previously, petroleum products in Azerbaijan were produced at two refineries in Baku. Both of these refineries were included in SOCAR, which annually processes around 7 million metric tons of oil produced at onshore and offshore fields with its own funds.
However, SOCAR announced the liquidation of Azneftyag oil refinery and its merger with the Heydar Aliyev Baku Oil Refinery in December 2014.
The major part of Azerbaijani petroleum products is exported to Georgia.
Below is the summary table of exported petroleum products:
|
Petroleum products |
Jan.-Aug. 2015, in metric tons |
Jan.-Aug. 2014, in metric tons |
|
Diesel fuel |
650 797 |
629 606 |
|
Jet fuel |
159 467 |
119 715 |
|
Furnace oil |
280 |
417 |