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SOCAR’s own gas output down in 2016

Oil&Gas Materials 18 January 2017 20:28 (UTC +04:00)

Baku, Azerbaijan, Jan. 18

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR produced 6.27 billion cubic meters of gas from the country’s offshore and onshore fields using its own funds in 2016, as compared to 6.87 billion cubic meters of gas produced in 2015, says a message posted on the SOCAR website Jan. 18.

In addition to its own production, SOCAR also gets gas from the Shah Deniz and Azeri-Chirag-Gunashli fields by developing these fields in cooperation with foreign partners.

The total volume of gas produced from those fields and independently developed ones was 29.37 billion cubic meters in 2016, as compared to 29.05 billion cubic meters in 2015.

SOCAR includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of the gas produced in the country), as well as oil and gas processing plants, service companies, and the facilities involved in geophysical and drilling operations.

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