Azerbaijani Oil Income in June 2015

Azerbaijani Oil Income in June 2015 State Oil Company of Azerbaijan Republic (SOCAR) exported 1 million 959 thousand 619 toness oil in June 2015. Out of this volume, 339 thousand 20 tons of crude oil was exported through the Supsa Port and 1 million 925 thousand 699 tons of crude oil via the Ceyhan Port in the reporting period. In general, 678 thousand 46 tons of crude oil were exported from the Novorossiysk Port, 1 million 524 thousand 900 tons... Read More

Azerbaijani Oil Income in February 2015

Azerbaijani Oil Income in February 2015 Azerbaijani oil export slight increased last month compared with January 2015 since the country exported 1,885 million tones crude oil to the world market in February 2015. According to the State Oil Company of Azerbaijan Republic (SOCAR), 84 thousand 807 tons of crude oil from the Novorossiysk Port, 254 thousand 179 tons of crude oil from the Supsa Port, and 1 million 630 thousand 350 tons of crude oil from... Read More

80.0 % of SOFAZ’s total revenue was spent in the half of 2014

80.0 % of SOFAZ’s total revenue was spent in the half of 2014 Total revenue of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was 6.493 billion manat ($ 8.324 billion US) in the half of 2014. SOFAZ’s total spending was 5.163 billion manat ($ 6.619 billion US) in the reporting period. According to the official figures 79.5 % of the SOFAZ revenues was already spent in the first six months of 2014. Revenue of 6.374.8 mln. manat was received... Read More

Decline in SOCAR oil production in 2012

Decline in SOCAR oil production in 2012 The State Oil Company of Azerbaijan produced 8,241, million tons of oil in 2012. The statement came from sources in SOCAR.  Production made 706,638 tons in January, 660,942 tons in February, 660,900 tons in March, 684,300 tons in April, 700,900 tons in May, 678,500 tons in June, 700,900 tons in July, 701,800 tons , 680,100 tons in September, 705,113 tons in October, 683,200 tons in November, 679,200 tons in... Read More

Huge Decline in Oil Export

Huge Decline in Oil Export Baku-Tbilisi-Ceyhan pipeline exported 27,327 million tons of oil in the first eleven months of 2012. Compared to January-September 2011, exports decreased by 2,73 m tons, according to SOCAR. In January, exports amounted to 2,7m tons, in February -2,45m tons, in March – 2,7m tons, in April – 2,3m tons, in May – 2,801m tons, in June – 2,732m tons, in July – 2,12m tons, in August – 2,367m tons, in September –... Read More

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... Read More

Will Oil Output be increased next year?

Will Oil Output be increased next year? Currently action program for 2013 on the Azeri-Chirag-Gunashli (ACG) is being revised.  The statement came from President of SOCAR Rovnag Abdullayev. According to him, oil production in 2013 will be higher than in 2012. He also said a new long-term program until 2020 would be prepared in order to provide for long-term stable production in the volume of 35 million tons of oil annually at the ACG. According to... Read More

$ 1 billion oil money for each month

$ 1 billion oil money for each month CESD: “SOFAZ is not adequately meeting its central objectives” Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2012 reached 10,1 billion mantas ($ 12, 9 billion US) , while budget expenditures constituted 7,5 billion Mantas  ($ 9,7 billion US.) Since $ 9,7 billion US spent in the last 9 months of 2012, it means that more than $ 1 billion US... Read More

Azeri Oil Export Fall by 12,1 %

Azeri Oil Export Fall by 12,1 % The State Oil Company of Azerbaijan (SOCAR) exported 13,9 million ton by the BTC pipeline in January-August 2012. According to CESD sources in the SOCAR, export made 1,9 million ton in January, 1,4 million ton in February, 1,9 million ton in March, 1,9 million tin in April, 1,7 million ton in May, 1,6 million ton in June, 1,9 million ton in July, 1,6 million ton in August. Oil export dropped 12,1 % (1,9 million ton)... Read More

Decline in Azeri Oil Export

Decline in Azeri Oil Export BTC Oil export declined 13,0 %, Baku-Supsa Oil export fall by 20,0 % in the first half of 2012 The State Oil Company of Azerbaijan exported 10,4 million tons by Baku-Tbilisi- Ceyhan (BTC) pipeline in the first half of 2012. According to sources in SOCAR, export made 1,9 million tons in January, 1,4 million tons in February, 1,9 million tons in March, 1,9 million tons in April, 1,7 million tons in May, 1,6 million tons in... Read More

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