BAKU, Azerbaijan, February 10. Azerbaijan's State Oil Company (SOCAR) has slightly reduced oil production in 2023 but significantly increased gas production at its oil and gas production directorates (OGPD) and joint ventures, Trend reports via SOCAR.
According to the report, production by OGPDs and joint ventures amounted to 7.736 million tons in 2023, up from 7.785 million tons in 2022.
"While SOCAR's oil production last year remained at a relatively stable level, gas production recorded a 4 percent growth compared to 2022—up to 8.39 bcm," SOCAR's press office noted in the report.
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