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SOCAR increases export of oil

Oil&Gas Materials 16 October 2018 20:31 (UTC +04:00)

Baku, Azerbaijan, Oct. 16

By Ilkin Shafiyev Trend:

Azerbaijan’s state oil company SOCAR exported about 6 million tons of oil in the third quarter of 2018, more than 9 percent higher than in the same period last year, a statement posted on the website of the state-owned company says.

SOCAR oil exports amounted to 465,800 tons in the reporting period, which is 43 percent more than the indicator recorded in the same period of 2017.

In April-June 2018, SOCAR exported 6.1 million tons of oil, which is 18 percent more than in the same period last year.

SOCAR exported 410,000 tons of oil products during the reporting period, which is 19 percent more than in 2017.

Oil products in Azerbaijan are manufactured at the Baku oil refinery named after Heydar Aliyev, which is a part of SOCAR.

A significant part of Azerbaijani oil products is exported to Georgia.

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Follow the author on Twitter: @IlkinShafiyev

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