SOCAR reveals oil production forecast for 2019
Baku, Azerbaijan, Oct. 30
By Azad Hasanli - Trend:
Azerbaijan’s state oil company SOCAR plans to produce 7.6 million tons of oil in 2019, reads the conclusion of the Chamber of Accounts of Azerbaijan on the draft state budget for 2019.
Compared to the expected figures for this year, the volume of oil production in 2019 will remain at the same level.
SOCAR produced 1.9 million tons of oil from offshore and onshore fields in July-September 2018 as compared to 1.87 million tons in July-September 2017.
SOCAR produced 7.43 million tons of oil from offshore and onshore fields in 2017 as compared to 7.52 million tons in 2016.
A total of 29 million tons of oil were produced in Azerbaijan in January-September 2018 which is similar with the same period of 2017.
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