BAKU, Azerbaijan, April 14. The share of Azerbaijan’s state oil company SOCAR in overall oil production in the country has changed from 19 percent in 2012 to almost 24 percent in 2022, Trend reports with reference to the company’s data.
The table below shows the dynamics of oil production in Azerbaijan and in particular, by SOCAR in 2021-2022:
|
Year |
SOCAR (tons) |
Azerbaijan (tons) |
Share (%) |
|
2022 |
7 785 286 |
32 600 000 |
23.88 |
|
2021 |
7 889 900 |
34 571 900 |
22.8 |
|
2020 |
7 404 200 |
34 538 900 |
21.4 |
|
2019 |
7 683 000 |
37 500 000 |
20.4 |
|
2018 |
7 542 000 |
38 814 000 |
19.4 |
|
2017 |
7 427 100 |
38 688 900 |
19.2 |
|
2016 |
7 522 400 |
41 034 500 |
18.3 |
|
2015 |
8 160 500 |
41 586 000 |
19.6 |
|
2014 |
8 320 400 |
42 022 700 |
19.8 |
|
2013 |
8 314 900 |
43 483 900 |
19.1 |
|
2012 |
8 289 800 |
43 389 800 |
19.1 |
SOCAR fulfils many functions among which exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate take a big part. SOCAR also markets petroleum and petrochemical products within the country as well as across a number of international markets. The company’s vision is to become a vertically integrated international energy company with advanced experience in operation efficiency, social and environmental responsibility.
SOCAR is comprised of three production units (oil & gas production, refining & petrochemicals and gas distribution grid).
SOCAR plays a distinct role in Europe’s sustainable economic development, as it is an important energy supplier to the EU. SOCAR is the biggest foreign direct investor in the Republic of Turkey, where it owns the largest chemical production facilities in the country, as well as the growing gas distribution infrastructure.
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