Bank Of Baku

SOCAR increases gas export to Georgia by up to 57%

SOCAR increases gas export to Georgia by up to 57%
# 24 October 2022 10:18 (UTC +04:00)

In the 3rd quarter of this year, about 2 million tonnes of oil, more than 2 billion cubic meters of gas have been produced in the fields, exploited by the SOCAR, SOCAR told APA-Economics.

SOCAR's gas production has increased by 1.3% in comparison with the corresponding period of the previous year. 

According to information, in 3Q2022, more than 8 mln. tonnes of oil have been produced over the country, while about 11 bln.c/m gas.

It is noted that SOCAR exported 174 million c/m natural gas to the Georgian market. The volume of gas exported to the neighboring country increased by 56.8% compared to the same period last year.

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