Bank Of Baku

SOCAR increases oil output by 3.6%, gas production by 5.3%

SOCAR increases oil output by 3.6%, gas production by 5.3%
# 27 July 2018 08:26 (UTC +04:00)

SOCAR’s oil output in the second quarter of 2018  increased by 3.6% to 1.9 million tonnes, gas production ascended by 5.29% to 1.66 billion  cubic meters.

 

In the first half of 2018, oil output stood at 3.7 million tonnes, gas production at 3.2 billion cubic meters.

 

Totally, 19.38 million tonnes of oil and 14.36 bcm of gas were produced across the country in the first half, relevantly up 1.2% and 3.1% from previous year. 

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