SOCAR Oil Output Dropped by 2 %

SOCAR Oil Output Dropped by 2 %

The State Oil Company of Azerbaijan produced 6,9 million tons of oil in January-October, 2012. The statement came from CESD sources at SOCAR. Oil output was 706,6 tons in January, 660,9 tons in February, 660,9 tons in March, 684,3 tons in April, 700,9 tons in May, 678,5 tons in June, 700,9 tons in July, 701,8 tons in August, 680,1 tons in September, 705,1 tons in October.

SOCAR oil output has dropped by 2% over the same period of the last year. Oil production in Azerbaijan is predicted to be 42,5 million tons in 2012. Azerbaijan International Operating Company (AIOC) which develops Azeri-Chirag-Guneshli fields will produce 34,3 million tons of oil and SOCAR will make 8,3 million tons.


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