Azernews.Az

By Aynur Jafarova

Azerbaijan's state energy company SOCAR has conducted 46,587 meters of drilling operations in January-April 2014 (excluding joint ventures and operating companies).

This figure was equal to 58,035 meters in the same period of 2013, SOCAR said.

Some 45,665 meters out of the total volume of drilling works performed by SOCAR in the reported period accounted for production drilling and the rest 922 meters for exploratory drilling.

SOCAR's drilling works in 2013 stood at 142,656 meters versus 136,441 meters in 2012. Out of the total drilling works conducted in 2013, some 135,665 meters accounted for production drilling, and 6,991 meters for exploratory drilling.

Azerbaijan's energy giant SOCAR, the only producer of oil products in the country includes Azneft Production Association, which runs onshore and offshore oil producing companies, Azerkimya Production Association, and Azerigas Production Association.

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.

Currently, the company owns gas stations in Azerbaijan, Switzerland, Georgia and Ukraine. It has representative offices in Georgia, Turkey, Romania, Austria, Switzerland, Kazakhstan, Britain, Iran, Germany and Ukraine, and trading companies in Switzerland, Singapore, Vietnam, Nigeria, and other countries.