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SOCAR reduces oil production 1%

01 October 2015 07:46 (UTC +04:00)

Baku. Aqshin Rafiqoglu – APA-Economics. In July 2015, the State Oil Company of Azerbaijan Republic (SOCAR) produced 702,500 tonnes of oil, which is a 1.01% decrease compared to July 2014 but an 3.99% increase compared to june 2015, according to APA-Economics.

Note that, SOCAR produced 712,300 tonnes of oil in January, 641,900 tonnes in February, 717,200 tonnes in March, 684,200 tonnes in April, 706,500 tonnes in May, and 675,500 tonnes in June.

Oil production during January-July 2015 stood at 4,840,100 tonnes, down by 1.38% in comparison with the same period of 2014.

In July 2015, 3,531,000 tonnes of oil overall were produced in the country, down 4.75% compared to previous year 2014 and up 6.57% in comparison with June of this year.

A total of 3,667,600 tonnes of oil was produced in the country in January 2015, 3,293,000 in February, 3,722,100 tonnes in March,3,549,300 tonnes in April, 3,426,300 tonnes in May and 3,314,000 tonnes in June.

During January-July 2015, 24,504,200 tonnes of oil in total was produced in the country, down by 2.25% compared to 2014.