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SOCAR increases export of oil products in 2015

Oil&Gas Materials 6 January 2016 19:21 (UTC +04:00)

Baku, Azerbaijan, Jan. 6

By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 1.23 million tons of oil products in 2015 compared to 1.2 million tons of oil products in 2014, SOCAR said Jan. 6.

SOCAR exported 1.2 million tons of oil products in 2014, compared to around 1.05 million tons in 2013.

Previously, oil products in Azerbaijan were manufactured at two refineries in Baku. Both of these refineries were included in SOCAR, which annually processes around 7 million tons of oil produced at onshore and offshore fields with its own funds.

SOCAR announced the liquidation of Azneftyag oil refinery and its merger with the Heydar Aliyev Baku Oil Refinery in December 2014.

The major part of Azerbaijani oil products is exported to Georgia.

Below is the summary table of exported oil products:

Oil products

Jan.-Dec. 2015, thousand tons

Jan.-Dec. 2014, thousand tons

Diesel fuel

965,78

992,72

Jet fuel

236,53

196,73

Furnace oil

0,28

0,65

High-pressure polyethylene

8,59

-

Absolute isopropyl alcohol

1,29

-

Liquid pyrolysis tar

9,34

-

Propylene

1,98

-

Butylene-butadiene Fraction

2,4

-

follow the author on Twitter: @MaksimTsurkov

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