ADVERTISEMENT
...

Azerbaijan's SOCAR shares data on oil production

Oil Materials 30 January 2023 11:14
Baku, Azerbaijan Trend News Agency
Azerbaijan's SOCAR shares data on oil production

The State Oil Company of Azerbaijan (SOCAR) produced 7.8 million tons of oil in 2022, Trend reports via the company.

According to the company, a total of 32.6 million tons of crude oil were produced in Azerbaijan during the reporting period.

"The volume of oil exported by the state-owned company increased by about 2.6 percent to 18.5 million tons. In addition, SOCAR processed 6.2 million tons of oil in 2022. More than 2.2 million tons of oil, petrochemical, and gas chemical products produced at SOCAR facilities in Azerbaijan were exported to foreign markets," said the company.

Azerbaijan exported over 26 million tons of oil in 2022, which is 4 percent, or about 1.09 million tons less than in 2021. In value terms, oil exports amounted to more than $19.48 billion, which is 47.4 percent, or $6.2 billion more than in 2021.

Tags:
Latest

Latest