SOCAR explains rise in oil and gas production costs

Azernews.Az

16 September 2025 12:20 (UTC+04:00)

Akbar Novruz

The State Oil Company of the Republic of Azerbaijan (SOCAR) has clarified the reasons behind the increase in oil production costs compared to the previous year, Azernews reports. According to the company’s annual report, the production cost of one ton of oil in 2024 reached...

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