Bank Of Baku

SOCAR reduces oil production 2% year-on-year

SOCAR reduces oil production 2% year-on-year
# 03 April 2015 10:06 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In February, 2015, the State Oil Company of Azerbaijan (SOCAR) produced 641,900 tonnes of oil, down 1.5% in comparison to a year earlier, 9.9% to a month earlier.

 

In January, 2015, the production made 712,300 tonnes.

 

In January-February, 2015, total oil production stood at 1,354,200 tonnes, down 0.94% by contrast to a year ago.

 

In February, totally 3,293,000 tonnes of oil were produced in the country, down 9.1% from 2014, 10.2% from January, 2015.

 

Oil production across the country made 3,667,600 tonnes in January.

 

Totally, 6,960,600 tonnes of oil were produced in January-February, 2015, down 3.4% by contrast to 2014.

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