Socar ups oil production by 12.5 pct
Azerbaijan`s state energy firm Socar produced over 2.7 million tons of oil at both offshore and onshore fields of the country in January-April 2012, 12.5 percent up from the same period of 2011 when the figure stood at about 2.4 million tons, the company said.
In April, Socar produced 684,300 tons of oil compared to 660,900 tons in March, it said.
According to the company, a total of about 14.6 million tons of oil were extracted in Azerbaijan in January-April. In April, the figure was about 3.5 million tons compared to 3.56 million tons posted in the previous month.
More than 45.6 million tons of oil were produced in the country in 2011 compared to 50.8 million tons in 2010. About 8.4 million tons of the total oil volume produced last year accounted for Socar, slightly down from 8.46 million tons in 2010.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!