SOCAR revenues from oil exports significantly increase in 2010
Azerbaijan, Baku, March 10 / Trend E.Ismayilov /
The cost of oil exported by the State Oil Company of the Azerbaijan Republic (SOCAR) was about $1.23 billion in 2010, which is more by $173.2 million compared to 2009, the Cabinet of Ministers reported.
The increase in the cost of the exported oil is linked with the fact that the average export price per ton of oil was $547.7 in 2010 compared to $427.4 in 2009.
The company exported 2.2 million tons of crude oil in 2010, which is less by $225,400 tons compared to 2009.
Moreover, SOCAR exported about 2.51 million tons of oil, which is more by 191,600 tons compared to 2009. Petroleum products worth more than $ 1.2 billion were exported in 2010, which is more by $208,600 compared to 2009.
The company sold more than 3.24 million tons of petroleum products worth 1.4 billion manat on the domestic market. The figure is more by 200,400 or 109.2 million manat compared to 2009.
SOCAR received 12.4 billion cubic meters of gas, of which 7.2 billion were produced by the company itself and the remaining 5.2 billion - obtained in the framework of the projects on the development of the Azeri-Chirag-Guneshli and Shah Deniz. Of the figure 7 billion cubic meters were directed to the domestic market and 1.1 billion cubic meters - export (0.8 billion cubic meters to Russia and 0.3 billion - Georgia).
SOCAR's revenues from the sale of oil, gas and oil products amounted to about 4.25 billion manat in 2010.