SOCAR increases oil production 1% year-on-year

SOCAR increases oil production 1% year-on-year
# 26 January 2015 12:17 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In December, 2014, the State Oil Company of Azerbaijan (SOCAR) produced 705,500 tonnes of oil, up 3.56% in comparison to a year earlier, 3.24% to a month earlier.

In January, 2014, the production made 715,400 tonnes, February – 651,700 tonnes, March – 741,600 tonnes, April – 686,200 tonnes, May – 715,900 tonnes, June – 687,400 tonnes, July – 709,700 tonnes, August – 710,100 tonnes, September – 686,800 tonnes, 708,900 tonnes in October, 683,300 tonnes in November.

In 2014, total oil production stood at 8,402,500 tonnes, up 1.05% by contrast to a year ago.

In December, totally 3,581,400 tonnes of oil were produced in the country, down 0.31% from 2013.

Oil production across the country made 3,639,200 tonnes in January, 3,622,500 tonnes in February, 3,622,500 tonnes in March, 3,632,500 tonnes in April, 3,707,800 tonnes in May, 3,483,900 tonnes in June, 3,708,200 tonnes in July, 3,644,200 tonnes in August, 3,469,000 tonnes in September, 2,779,200 tonnes in October, and 2,779,200 tonnes in November.

Totally, 42,480,400 tonnes of oil were produced in 2014, down 2.35% by contrast to 2013.

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