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SOCAR increases oil products export in Jan.-March

Oil&Gas Materials 1 April 2014 17:32 (UTC +04:00)

Baku, Azerbaijan, April 1

By Emil Ismayilov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported some 312,740 tons of oil products from its own refineries in Jan.-March 2014 compared to 289,260 tons in Jan.-March 2013, a message from SOCAR said on April 1.

SOCAR exported around 1.04 million tons of petroleum products from its own refineries in 2013 compared to over 1.24 million tons in 2012.

Oil products are produced at two Baku oil refineries with a total capacity of 16 million tons of oil per year. Both oil refineries belong to SOCAR, which annually processes approximately seven million tons of oil, extracted from onshore and offshore fields with SOCAR's own funds.

The table below shows the exported oil products:

Oil products

Jan.-March 2014, shown in tons

Jan.-March 2013, shown in tons

Diesel fuel

242 962

250 327

Motor gasoline

383

4 470

Aviation kerosene

34 943

34 168

Vacuum gas-oil

34 448

0

Furnace oil

0

299

The volumes of gasoline production and consumption in Azerbaijan became equal in 2013, that is why oil exports are minimized.

Translated by L.Z.

Edited by C.N.

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