News Column

Azerbaijan : SOCAR announces hike in its OIL PRODUCTION by 1.1%

August 22, 2014

As per the report, State Oil Company of Azerbaijan Republic (SOCAR) declared about increasing oil production each year by 1.12%.

As of 1 August 2014, the firm stated that it yielded 4.907 million tons as compared to 4.853 million tons a year earlier.

In July production totaled 709,700 tons versus 706,900 tons a year earlier.

In 2014, in March, SOCAR oil production limit was achieved (741,500 tons), the same as last year (716,200 tons in March).

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Source: TendersInfo (India)

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