Azerbaijan slightly increased oil production in 2018
Baku, Azerbaijan, Jan. 17
By Azad Hasanli - Trend:
In 2018, the volume of oil and gas condensate production in Azerbaijan amounted to 38.8 million tons, which is 0.3 percent or 113,100 tons more compared to 2017, Trend reports referring to a report of the Energy Ministry of Azerbaijan.
The volume of oil extracted last year, exceeds the projected figures by 849,900 tons.
Most of the oil produced during the year fell on the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields with 28.7 million tons (a decrease of 184,400 tons over the year).
The share of Azerbaijan's State Oil Company SOCAR accounted for 7.54 million tons of oil produced (an increase of 112,900 tons). About 2.54 million tons (an increase of 184,600 tons) amounted to the volume of gas condensate extracted from the Shah Deniz field.
The volume of oil production in Azerbaijan in 2018 (1,000 tons):
|
Oil production |
2018 |
2017 |
Difference |
|
In the whole country |
38,802 |
38,688.9 |
113.1 |
|
SOCAR |
7,540 |
7,427.1 |
112.9 |
|
Azeri-Chirag-Guneshli |
28,722 |
28,906.4 |
-184.4 |
|
Shah Deniz (gas condensate) |
2,540 |
2,355.4 |
184.6 |
The volume of oil refining during the year amounted to 6.095 million tons, which is 184,000 tons more than the projected figure.
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