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SOCAR reduces oil output nearly 5%


In February 2016, the State Oil Company of Azerbaijan Republic (SOCAR) produced 576,200 tonnes of oil, down 4.76% from 2016, 10.68% from January 2017, read a statement from SOCAR.

 

SOCAR produced 1,221,300 tonnes of oil in January-February, down 2.45% in comparison to a year earlier.

 

Oil production across the country made 2,975,700 tonnes,10.88% by contrast to 2016, 11.63% from January.

 

In January-February, totally 6,343,200 tonnes of oil were produced across the country, down 7.50% compared to previous year.

 

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