SOCAR Energy Georgia ups oil product sale in Georgia
Azerbaijan, Baku, June 22 / Trend , E.Ismayilov/
In 2009, SOCAR Energy Georgia (subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR)) forecasts to sell roughly 420,000 tons of the Azerbaijani oil products on the Georgian market compared to the planned 400,000 tons, Head of SOCAR Energy Georgia Mahir Mammadov said on June 22. In 2008, Georgia exported 400,000 tons of the Azerbaijani oil products compared to 196,000 tons in 2007.
Of total volume of oil products, which is planned to be sold on the Georgian market this year, roughly 190,000-195,000 falls to the motor petrol and almost the same volume to diesel fuel, the remained - to aviation kerosene, black oil, liquefied gas and other oil products, Mammadov said.
"Within last 5 months, the company hits the indicator of the same period in 2008 by 5-7 percent," Mammadov said.
The SOCAR Energy Georgia (SOCAR's daughter company in Georgia) sold over 171,000 tons of oil-related products on Georgia's market in January-May 2009, Mammadov said earlier. Thus, a total of 81,000 tons of petrol and about 71,000 tons of diesel was sold on Georgia's market. The rest share of oil-related products accounts for aviation kerosene, black oil, liquefied gas and other products.
The Azerbaijani oil products occupy almost 50-60 percent of the Georgian market. The Azerbaijani diesel fuel occupies around 60 percent of the market and petrol - 52-55 percent, Mammadov said earlier.
In January to April 2009, the State Oil Company of Azerbaijan Republic (SOCAR) transferred roughly two million tons of oil for refining compared to 2.5 million tons in the same period of 2008.
SOCAR transferred roughly 7.35 million tons of oil for refining in 2008.
Azerbaijani oil products are produced at two SOCAR-owned Baku oil refineries with the total capacity of 20 million tons of oil per year. SOCAR annually processes roughly six million tons of oil produced from onshore and offshore fields through its owns funds.
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