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SOCAR Cuts Oil Products Export from January to August

Oil&Gas Materials 4 September 2008 13:41 (UTC +04:00)

Azerbaijan, Baku, 4 September / Trend / In January to August, 2008, the SOCAR Marketing and Economic Operations Department exported about 1.5mln tons of oil products from oil refinery plants in Azerbaijan, while the export in the same period of 2007 comprised 1.92mln tons.

Bitumen and lubricants were not exported in January to August, 2008.

Oil products in Azerbaijan are produced at two Baku oil refineries with the total capacity of 20mln tons of oil per year. Both refineries are owned by SOCAR, which annually processes over 6mln tons of oil produced in the offshore and onshore fields through its own funds.

Comparative table of export of oil products by SOCAR:

Oil products January-August 2007, ths tons January-August 2008, ths tons
Diesel fuel 931,7 784,459
Fuel oil 451,9 319,306
Automobile fuel 247 244,519
Jet kerosene 239,8 156,587
Lubricants 24,54 0
Bitumen 20,48 0
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