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Output of production activity of SOCAR`s construction department in 2013 to be announced

Oil&Gas Materials 5 February 2014 16:02
In 2013, the Neftegazstroy trust of SOCAR Company (the State Oil Company of Azerbaijan) conducted construction and installation work worth over 310 million manats, a 10. 8 percent rise over 2012.

Baku, Azerbaijan, Feb. 5

Trend - E. Ismayilov

In 2013, the Neftegazstroy trust of SOCAR Company (the State Oil Company of Azerbaijan) conducted construction and installation work worth over 310 million manats, a 10. 8 percent rise over 2012, head of the trust Mirkazim Abbasov told "Iki sahil" newspaper.

Abbasov noted that in 2013, the trust conducted contracting services in the amount of 387.76 million manats, a rise of 6. 3 percent over the indicator of 2012.

The trust laid 312. 6 kilometers of oil and gas pipeline, 365 kilometers of electric cable and 5. 8 kilometers of underwater cable. They also installed metal constructions weighing 35. 6 thousand tons, and produced 20.44 thousand tons of concrete in 2013.

According to the forecasts, the trust will conduct construction and installation work in the amount of about 339.3 million manats and contracting work in the amount of over 443 million manats in 2014.

SOCAR includes production associations Azneft (companies on the production of oil and gas on land and the sea), Azerkimya (chemical industry), and Azerigaz (gas distribution).

Together with foreign partners, SOCAR participates in major projects such as the development of the oil and gas fields "Azeri-Chirag-Gunashli" and the "Shah Deniz" gas condensate field in the Caspian Sea.

The official exchange rate on February 5th is 0, 7843 AZN / USD.

Translated by R.A.

Edited by C.N.

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