SOCAR Oil Production Fall by 2.5%

SOCAR Oil Production Fall by 2.5% The State Oil Company of Azerbaijan produced 5,5 million ton oil in the first 8 months in 2012. The statement came from sources in SOCAR. Production made 706,6 thousand ton in January, 660,9 thousand ton in February, 660,9 thousand tin in March, 684,3 thousand ton in April, 700,9 thousand ton in May, 678,5 thousand ton in June, 700,9 thousand ton in July, 701,8 thousand ton in August. Oil production has dropped by 2.5% over the same period of... Read More

Azerbaijan produces over 11bn cubic meters of gas

Azerbaijan produces over 11bn cubic meters of gas In January-August 2012, Azerbaijan produced 11,4bn cubic meters of marketable gas. Compared to the same period of last year, production of marketable natural gas has increased by 5.7%, according to the State Statistical Committee. In 2011, Azerbaijan produced 25,7bn cubic meters of gas. According to government forecasts, in 2012 the country is expected to produce 28,28bn cubic meters of natural gas.  Read More