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SOCAR increases export of petroleum products

Oil&Gas Materials 1 December 2014 20:36 (UTC +04:00)

Baku, Azerbaijan, Dec. 1

By Emil Ismayilov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported about 1.07 million metric tons of petroleum products from its own oil refineries in January-November 2014 compared to 955,080 metric tons in the same period of 2013, SOCAR said Dec. 1.

The company exported around 1.04 million metric tons of petroleum products from its own oil refineries in 2013, compared to over 1.24 million metric tons in 2012.

Oil products are produced at two Baku oil refineries with a total capacity of 16 million metric tons of oil per year. Both oil refineries belong to SOCAR, which annually processes approximately 7 million metric tons of oil, extracted from onshore and offshore fields with SOCAR's own funds.

The table below shows the exported oil products:

Oil products

Jan.-Nov.

2014, metric tons

Jan.-Nov.

2013, metric tons

Diesel fuel

886 520

824 292

Gasoil

9 332

14 198

Aviation kerosene

176 110

115 935

Furnace oil

537

657

The volumes of vehicle fuel production and consumption in Azerbaijan became equal in 2013, which explains why the vehicle fuel exports are minimized.

Azerbaijan exports considerable part of its petroleum products to Georgia.

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