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SOCAR extracts over 4 million tons of oil and 3.5 billion cubic meters of gas in Jan.-June

Oil&Gas Materials 29 July 2011 13:23
"Azneft" Production Union under SOCAR extracted about 3.4 billion cubic meters of gas in Jan.-June, or 1.1 percent more than was predicted, Azneft executive director Dashgin Iskenderov said in his article to "Xalq qazeti" ("People's newspaper").
SOCAR extracts over 4 million tons of oil and 3.5 billion cubic meters of gas in Jan.-June

Azerbaijan, Baku, July 29 / Trend E. Ismayilov /

"Azneft" Production Union under SOCAR extracted about 3.4 billion cubic meters of gas in Jan.-June, or 1.1 percent more than was predicted, Azneft executive director Dashgin Iskenderov said in his article to "Xalq qazeti" ("People's newspaper").

Iskenderov said that the work was conducted to build new and expand old offshore platforms, and to improve the assembly and shipping systems within the program of increasing SOCAR's gas production, adopted five years ago.

As a result, gas production increased compared to previous years.

"This trend continued in Jan.-June", he said. "Azneft" extracted 3,394,566 cubic meters of gas, or 36,366 million cubic meters more than planned."

Iskenderov said that SOCAR's oil production reached 4.2 million tons and that gas production has reached about 3.54 billion cubic meters in Jan.-June.

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