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SOCAR increases oil products export

Oil&Gas Materials 2 March 2016 10:07 (UTC +04:00)

Baku, Azerbaijan, March 2

By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 225,350 tons of oil products in January-February 2016 compared to 197,880 tons of oil products in the same period of 2015, SOCAR said March 1.

SOCAR exported 1.23 million tons of oil products in 2015 compared to around 1.2 million tons in 2014.

Previously, oil products in Azerbaijan were produced at two refineries in Baku. Both of these refineries were included in SOCAR, which annually processes around seven 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.-Feb. 2016, thousand tons

Jan.-Feb. 2015, thousand tons

Diesel fuel

125,93

165,23

Jet fuel

65,75

32,47

Furnace oil

0,12

0,18

High-pressure polyethylene

15,4

-

Absolute isopropyl alcohol

2,35

-

Liquid pyrolysis tar

9,1

-

Propylene

6,02

-

Butylene-butadiene Fraction

0,68

-

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Follow the author on Twitter: @MaksimTsurkov

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