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SOCAR increases export of petroleum products

Oil&Gas Materials 2 July 2015 11:11 (UTC +04:00)

Baku, Azerbaijan, July 2

By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 595,540 metric tons of petroleum products in Jan.-June 2015, or 5.7 percent more than in the same period of 2014, said the message posted on SOCAR's website.

The company exported 1.2 million metric tons of petroleum products in 2014, compared to nearly 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 about liquidation of Azneftyag oil refinery and its merger with Baku Oil Refinery named after Heydar Aliyev 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.-June 2015 (in metric tons)

Jan.-June 2014 (in metric tons)

Diesel fuel

491,855

377,636

Jet fuel

103,509

75,591

Furnace oil

178

178

Edited by SI

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Follow the author on Twitter: @MaksimTsurkov

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