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SOCAR reduces oil output over 9%

22 September 2016 16:39 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In August 2016, the State Oil Company of Azerbaijan Republic (SOCAR) produced 636,500 tonnes of oil, down 8.97% from August 2015, 0.39% from July 2016, read a statement from SOCAR.

SOCAR produced 5,057,200 tonnes of oil in January-August, down 8.70% compared to the previous year.

SOCAR produced 647,000 tonnes of oil in January 2016, 605,000 tonnes in February and 646,200 tonnes in March, 624,500 tonnes in April, 639,000 tonnes in May, 620,000 tonnes in June and 639,000 tonnes in July.

Oil production across the country made 3,491,300 tonnes in August, up 3.08% in comparison to the same period of 2015, 3.98% compared to July 2016.

In January-August 2016, 28,191,100 tonnes of oil overall were produced in the country, down 1.07% from the previous year.

A total of 3,518,200 tonnes of oil were produced in the country in January 2016, 3,339,300 tonnes in February, 3,649,700 tonnes in March, 3,469,800 in April, 3,567,200 in May, 3,519,700 tonnes in June and 3,491,300 tonnes in August.