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SOCAR increases oil production

Oil&Gas Materials 27 January 2015 13:35 (UTC +04:00)

Baku, Azerbaijan, Jan. 27
By Emil Ismayilov - Trend:

The State Oil Company of Azerbaijan (SOCAR) produced 8.32 million metric tons of oil at the country's offshore and onshore fields in 2014 compared to over 8.31 million metric tons in 2013, SOCAR said Jan. 27.

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

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 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

Follow the author on Twitter: @Emilsmail

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