SOCAR to up output of oil products
The Azerbaijani state energy company SOCAR plans to process around 6.7 million tons of oil in 2014, a senior representative of SOCAR said.
The source said that over 6.2 million tons of gasoline was sent by SOCAR to processing in 2012. The volume is expected to amount to 6.4 million tons for this year.
He explained that the increase in the volume of oil processing is linked with an increase in gasoline and diesel fuel consumption in the country.
"The annual gasoline consumption has increased by 10 per cent and the increase of diesel fuel consumption amounts to 13 per cent," SOCAR representative stressed.
According to him, the volume of gasoline production is expected at the level of nearly 1.4 million tons this year compared to 1.3 million tons in 2012.
Oil products are produced at two Baku refineries with a capacity of 16 million tons of oil a year. Both refineries belong to SOCAR which annually processes approximately about seven million tons of oil from its own funds from onshore and offshore fields
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