BAKU, Azerbaijan, June 21. The volume of oil production by Azerbaijan’s state oil company SOCAR has changed from 8.7 million tons in 2008 to 7.8 million tons in 2022, showing a 10.3 percent decrease, an informed source told Trend.
The table below shows the dynamics of oil output by the state oil company during this period:
|
Year |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
Production (million tons) |
8.5 |
8.5 |
8.4 |
8.3 |
8.3 |
8.3 |
8.2 |
7.5 |
7.4 |
7.5 |
7.7 |
7.4 |
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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