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SOCAR increases oil products’ export

Oil&Gas Materials 1 August 2016 18:31 (UTC +04:00)

Baku, Azerbaijan, Aug.1

By Maksim Tsurkov – Trend:

Azerbaijan’s state oil company SOCAR has exported 692,630 tons of oil products in January-July 2016, as compared to 692,070 tons in the same period of 2015, said SOCAR’s website.

SOCAR 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 2014.

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

Below is the summary table of exported oil products:

Oil products

January-July, 2016, thousand tons

January-July, 2015, thousand tons

Diesel fuel

415.98

528.23

Jet fuel

133.54

163.66

Furnace oil

2.01

0.18

High-pressure polyethylene

55.8

-

Absolute isopropyl alcohol

8.66

-

Liquid pyrolysis tar

35.22

-

Propylene

28.17

-

Butylene-butadiene fraction

13.27

-

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Follow the author on Twitter: @MaksimTsurkov

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