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Azerbaijan’s SOCAR reduces oil products’ export

Oil&Gas Materials 3 May 2016 09:48 (UTC +04:00)

Baku, Azerbaijan, May 3

By Azad Hasanli - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 450,720 tons of oil products in January-April of 2016, as compared to 475,000 tons in the same period in 2015, said SOCAR's website.

The company exported 1.23 million tons of oil products in 2015, as compared to 1.2 million tons in 2014.

Earlier, 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 of 2014.

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

Below is the summary table of exported oil products:

Oil products

January-April, 2016, thousand tons

January-April, 2015, thousand tons

Diesel fuel

281.93

387.14

Jet fuel

89.62

87.65

Furnace oil

0.176

178

High-pressure polyethylene

32.84

-

Absolute isopropyl alcohol

5.86

-

Liquid pyrolysis tar

21.65

-

Propylene

15.69

-

Butylene-butadiene fraction

3.72

-

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