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SOCAR increases oil product export

Oil&Gas Materials 2 July 2016 12:23 (UTC +04:00)

Baku, Azerbaijan, July 2

By Maksim Tsurkov – Trend:

The State Oil Company of Azerbaijan (SOCAR) exported 643,090 tons of oil products in January-June 2016 compared to 595,540 tons in the same period of 2015, SOCAR said.

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.-June 2016, thousand tons

Jan.-June 2015, thousand tons

Diesel fuel

389,22

491,85

Jet fuel

128,74

103,51

Furnace oil

2,3

0,18

High-pressure polyethylene

46,9

-

Absolute isopropyl alcohol

7,39

-

Liquid pyrolysis tar

35,21

-

Propylene

23,25

-

Butylene-butadiene fraction

10,08

-

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Follow the author on Twitter: @MaksimTsurkov

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