BAKU, Azerbaijan, July 20. Azerbaijan’s state oil company SOCAR has exported more than 4.9 million tons of crude oil to world markets in Q2 2022, a 17.6 percent increase year-on-year, Trend reports citing the company.
SOCAR exports both the crude oil produced by own means, and the shares of SOCAR and Azerbaijan in the international consortia’s oil production.
SOCAR’s oil production exceeded 1.9 million tons and the company has drilled over 20,000 meters, or 41.5 percent more than in Q2 2021.
About 1.2 million tons of oil was processed by the company’s refining complex in Azerbaijan. During the second quarter, about 403,000 tons of oil, petro- and gas-chemicals produced by SOCAR’s enterprises in Azerbaijan were exported abroad.
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