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SOCAR reveals volume of oil, gas produced during year

20 December 2017 18:10 (UTC+04:00)
SOCAR reveals volume of oil, gas produced during year

By Sara Israfilbayova

The State Oil Company of Azerbaijan (SOCAR) produced 6.8 million tons of oil in January-November 2017, while in November it was produced 604,000 tons.

During the reporting period, oil production in Azerbaijan amounted to 35.33 million tons, 3.17 million of which fell on November.

Further, the company reported that its natural gas production was 538.7 million cubic meters in November. Last month, gas production in the country amounted to 2.42 billion cubic meters.

The production of natural gas by SOCAR amounted to 5.54 billion cubic meters in January-November, in the country amounted to 26.85 billion cubic meters.

In 2016 SOCAR produced 7.5 million tons of oil, the whole country-41.03 million tons.

The production of natural gas by SOCAR amounted to 6.27 billion cubic meters in 2016, in the country amounted to 29.37 billion cubic meters.

SOCAR includes such production associations as Azneft (the enterprises producing oil and gas onshore and offshore), Azerikimya (the chemical enterprises) and Azerigas (distributor of gas produced in the country), as well as oil and gas processing plants, service companies, and the facilities involved in geophysical and drilling operations.

The company participates in joint ventures (including ventures in Georgia and Turkey), consortia, and operating companies established with SOCAR’s participation.

Currently, SOCAR is the only producer of petroleum products in the country, and operates more than 370 petrol stations in Switzerland, Georgia, Romania and Ukraine.

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