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SOCAR REDUCES OIL PRODUCTION IN JAN-AUG

Oil&Gas Materials 2 September 2005 18:08 (UTC +04:00)

In January to August 2005 the State Oil Company of Azerbaijan (SOCAR) produced 5991,200 tons of oil from onshore and offshore fields, which was 1,800 down as compared to 2004.

The onshore and offshore oil and gas producing units (OGPU) of the SOCAR produced a total of 5347,100 tons of oil, or 28,200 tons (or 0.5%) down as compared to 2004.

In January to August 2005 the foreign companies under the joint ventures and operating companies lifted 644,100 tons of oil, or 30,000 tons (or 4.9%) more than 2004.

In January to August 2005 gas production amounted 3589.6 million cu m of natural gas, or 268.8 million cu m (or 8.1%) more than 2004. 2546.4 million cu m of gas production fell on the SOCAR, which is 39 million cu m less than 2004. JVs and OCs produced 68.4 million cu m of gas in this period, or 15.2 million cu m less than 2004.

The Azerbaijan International Operating Company (AIOC) produced 974.8 million cu m of associate gas, or 322 million cu m of fuel more than 2004.

Comparative table of oil and gas production in Azerbaijan in January to August is as follows:

Oil

(ths. tons)

August 2005

January- August 2005

January to August 2004

ФакС'

РїР"ан

С"акС'

%

ФакС'

%

Total

761,2

5826

5991,2

102,8

5989,4

100

OGPU

678,2

5293,8

5347,1

101

5375,3

99,5

Gas

(in mln. cu m )

83

532,2

644,1

121

614,1

104,9

Total

SOCAR

535,9

3332,3

3589,6

107,7

3320,8

108,1

OGPU

330,8

2595,4

2614,8

100,7

2669

98

AIOC

323,7

2535,6

2546,4

100,4

2585,4

98,5

Total

7,1

59,8

68,4

114,4

83,6

81,8

OGPU

205,1

736,9

974,8

132,3

651,8

149,6

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