State Statistical Committee Divulges Volume of Azerbaijan’s Oil Product Export in Q1
Azerbaijan, Baku, 26 April / Trend / "In January to March, The Marketing & Economic Operations Department at the State Oil Company of Azerbaijan (SOCAR) exported 1.202mln tons of oil and 507,000 tons of oil products," Azerbaijan State Statistical Committee reported.
SOCAR produces oil from over 50 fields through its own funds. Oil products in Azerbaijan are produced at two Baku oil refineries with the total capacity of 20mln tons of oil per year. SOCAR sells oil via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Novorossiysk pipelines.
According to the Statistical Committee, QKSSS company exported 20,374,000 tons of oil products in the first quarter of 2008 and Azneftyag oil refinery exported 16,000 tons.