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SOCAR increases oil product export

Oil&Gas Materials 4 April 2016 17:09 (UTC +04:00)

Baku, Azerbaijan, April 4

By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 350,000 tons of oil products in January-March 2016 compared to 348,600 tons of oil products in the same period of 2015, SOCAR said April 4.

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.-March 2016, thousand tons

Jan.-March 2015, thousand tons

Diesel fuel

219,41

284,61

Jet fuel

74,72

63,81

Furnace oil

0,12

0,18

High-pressure polyethylene

24,77

-

Absolute isopropyl alcohol

2,35

-

Liquid pyrolysis tar

15,08

-

Propylene

12,21

-

Butylene-butadiene Fraction

1,34

-

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Follow the author on Twitter: @MaksimTsurkov

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