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SOCAR decreases oil product export

Oil&Gas Materials 2 September 2016 17:36 (UTC +04:00)

Baku, Azerbaijan, Sept. 2

By Azad Hasanli – Trend:

The Azerbaijani state oil company (SOCAR) exported 731,860 tons of oil products in January-August 2016 compared to 769,270 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.-Aug. 2016, thousand tons

Jan.-Aug. 2015, thousand tons

Diesel fuel

430,748

650,797

Jet fuel

143,471

159,467

Furnace oil

2,416

0,28

High-pressure polyethylene

57,016

-

Absolute isopropyl alcohol

9,229

-

Liquid pyrolysis tar

45,195

-

Propylene

29,463

-

Butylene-butadiene fraction

14,321

-

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