Azernews.Az

By Laman Ismayilova

Azerbaijan’s state oil company SOCAR will additionally extract more than 3,280 tons of oil annually as it has commissioned a well at the Sangachal Deniz-Duvanni Deniz-Khara-Zire offshore field after overhaul.

The company reported that oil is extracted from a borehole at a depth of 4,434-4,382 meters, reads the message.

SOCAR produced 5.68 million tons of oil at Azerbaijani onshore and offshore fields in January-September 2016, as compared to 6.21 million tons in the same period of 2015.

SOCAR produced 8.16 million tons of oil at those fields in 2015 as compared to 8.32 million tons in 2014.

In total, 41.59 million tons of oil was produced in Azerbaijan in 2015 compared to 42.02 million tons in 2014.

Azerbaijan's state energy company SOCAR, which is keen on expanding operations in the retail oil products market abroad, is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.

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