Bank Of Baku

SOCAR cuts oil production by 3% last year

SOCAR cuts oil production by 3% last year
# 20 January 2010 14:49 (UTC +04:00)
Baku. Rashad Suleymanov - APA-ECONOMICS. The State Oil Company of Azerbaijan produced 9 063 190 tonnes of oil (including condensate) in 2009, down 3% from a year ago.

Of this, 7 301 410 tonnes was produced by oil and gas extraction subsidiaries (down 1.5% on year) and 1 761 780 tonnes through joint projects (249 360 tonnes from joint projects with operating companies, 1 372 150 tonnes – Azeri-Chirag-Guneshli and 139 270 tonnes – Shah Deniz) as share of the SOCAR (down 9.1%).
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