BAKU, Azerbaijan, June 16. The volume of gas production by Azerbaijan’s state oil company SOCAR over the last 10 years has increased from 7.2 billion cubic meters in 2013 to 8.1 billion cubic meters in 2022, a source familiar with the matter told Trend.
As such, the company’s gas output rose by 12.5 percent in the last decade.
The table below shows the dynamics of gas production by SOCAR:
|
Year |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
Production (bcm) |
7.2 |
6.9 |
6.3 |
6.1 |
6.5 |
6.8 |
7.3 |
7.9 |
SOCAR is engaged in exploration of oil and gas fields, the production, processing and transportation of oil, gas and gas condensate, the sale of oil and petrochemicals in the domestic and international markets, the supply of natural gas to industrial enterprises and the population of Azerbaijan, as well as Europe.
The company conducts various activities in countries such as Türkiye, Georgia, Romania, Switzerland, Germany and Ukraine, including trading activities mainly in Switzerland, Singapore and Nigeria.
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