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SOCAR’s gas output up

Oil&Gas Materials 27 July 2018 15:11 (UTC +04:00)

Baku, Azerbaijan, July 27

By Ilkin Shafiyev – Trend:

Azerbaijan’s state oil company SOCAR produced 1.66 billion cubic meters of gas from the country’s offshore and onshore fields using its own funds in April-June 2018, as compared to 1.49 billion cubic meters of gas produced in the same period of 2017, said a message posted on SOCAR’s website.

The gas production in the country increased by around 11 percent in April-June 2018 compared to the same period of 2017.

Along with its own production, SOCAR also gets gas from the Shah Deniz and Azeri-Chirag-Gunashli (associated gas) fields by developing these fields together with foreign partners.

The total volume of gas produced from those fields and independently developed ones was 7.1 billion cubic meters in April-June 2018, as compared to 7.24 billion cubic meters in the same period of 2017. The gas production in the country decreased by 1.93 percent.

SOCAR produced 6.09 billion cubic meters of gas from the country’s offshore and onshore fields using its own funds in 2017, as compared to 6.27 billion cubic meters of gas produced in 2016.

The total volume of gas produced from those fields and independently developed ones was 28.6 billion cubic meters in 2017, as compared to 29.37 billion cubic meters in 2016.

SOCAR includes such production unions as Azneft (enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies and the facilities involved in geophysical and drilling operations.

Follow the author on Twitter: @IlkinShafiyev

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