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SOCAR decreases oil production 3%

30 December 2015 13:22 (UTC +04:00)

Baku. Aqshin Rafiqoglu – APA-Economics. In November 2015, the State Oil Company of Azerbaijan Republic (SOCAR) produced 673,000 tonnes of oil, down 1.51% from 2014, 3.16% from October.

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, 675,500 tonnes in June, 702.5 tonnes in July, 699,200 tonnes in August, 674,800 tonnes in September and 695,000 tonnes in October.

Oil production in January-November 2015 stood at 7,582,100 tonnes, down 1.49% in comparison to the same period of 2014.

In November 2015, 3,275,000 tonnes of oil overall were produced in the country, up 17.84% from previous year, down 7.81% in comparison to October 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, 3,314,000 tonnes in June, 3,532,000 tonnes in July, 3,387,000 tonnes in August, 3,501,000 tonnes in September and 3,558,000 tonnes in October.

In January-November 2015, 38,225,200 tonnes of oil in total was produced in the country, down 3.35% compared to the reporting period of 2014.