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Azerbaijan’s SOCAR reduces oil product export

Oil&Gas Materials 6 June 2016 16:30 (UTC +04:00)

Baku, Azerbaijan, June 6

By Maksim Tsurkov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 573,950 tons of oil products in January-May 2016 compared to 584,320 tons in the same period of 2015, said a message from SOCAR's website.

The company exported 1.23 million tons of oil products in 2015 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 2014.

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

Below is the summary table of exported oil products:

Oil products

Jan.-May 2016, thousand tons

Jan.-May 2015, thousand tons

Diesel fuel

355,41

480,63

Jet fuel

113,58

103,51

Furnace oil

2,3

178

High-pressure polyethylene

40,36

-

Absolute isopropyl alcohol

6,13

-

Liquid pyrolysis tar

28,34

-

Propylene

21,15

-

Butylene-butadiene fraction

6,68

-

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