...

SOCAR slightly decreases oil production

Business Materials 25 February 2015 17:36 (UTC +04:00)
The State Oil Company of Azerbaijan (SOCAR) produced 712.3 million metric tons of oil at the country’s offshore and onshore fields in Jan. 2015 compared to over 715.8 million metric tons in Jan. 2014

Baku, Azerbaijan, Feb. 25
By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) produced 712.3 thousand metric tons of oil at the country's offshore and onshore fields in Jan. 2015 compared to over 720.1 thousand metric tons in Jan. 2014, SOCAR said Feb. 25.

SOCAR develops Azeri-Chirag-Guneshli oil and gas fields' block and Shah Deniz gas condensate field jointly with foreign investors.

Some 3.67 million metric tons of oil were produced in Azerbaijan in Jan. 2015 compared to 4.12 million metric tons in Jan. 2014, SOCAR said.

In total, over 42.4 million metric tons of oil were produced in Azerbaijan in 2014 compared to 43.5 million metric tons in 2013.

SOCAR includes Azneft (companies producing oil and gas offshore and onshore), Azerkimya (chemical industry) and Azerigas production associations.

Moreover, the State Oil Company comprises a number of processing enterprises, service enterprises, institutions involved in geophysical and drilling operations.

---

Follow the author on Twitter: @MaksimTsurkov

Tags:
Latest

Latest