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SOCAR increases gas production in 2014

Oil&Gas Materials 27 January 2015 13:37 (UTC +04:00)

Baku, Azerbaijan, Jan. 27

By Emil Ismayilov - Trend:

The State Oil Company of Azerbaijan (SOCAR) produced over 7.22 billion cubic meters of gas in 2014 compared to 7.14 billion cubic meters in 2013, SOCAR said Jan. 27.

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

The country produced some 29.62 billion cubic meters of gas in 2014 compared to 29.46 billion cubic meters in 2013, SOCAR said.

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.

Edited by CN

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