Bank Of Baku

SOCAR decreases oil and gas production this year

SOCAR decreases oil and gas production this year
# 14 October 2024 13:25 (UTC +04:00)

In January-September of the current year, SOCAR produced 5,6 mln. tons of oil and condensate, which is 3,4% less in yearly comparison, APA-Economics reports.

During the relevant period last year, SOCAR produced 5,8 million tons of oil and gas condensate.

In the first 9 months of this year, SOCAR produced 5,7 billion cubic meters of gas, which is 11% less compared to the previous year.

Note that in January-September of last year, SOCAR produced 6.4 bcm of gas.

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