Bank Of Baku

Azerbaijan's SOCAR increased gas production by 14%

Azerbaijan
# 27 July 2023 14:45 (UTC +04:00)

More than 1,9 million tons of oil and more than 2,2 bcm of gas have been produced by the State Oil Company of the Republic of Azerbaijan (SOCAR) in the second quarter of the current year, the company told APA-Economics.

Although oil production remained relatively stable, a 14,3% increase has been recorded regarding gas production compared to the same period of the last year.

“Overall, 7,5 million tons of oil and 11,9 billion cubic meters of gas has been produced across the country. The gas production has increased by 2,5% compared to the relevant period of the last year,” it was noted.

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