Azneft increases oil production

Azneft increases oil production
  • Clock-gray 18:35
  • calendar-gray 23 October 2019

In January-September of the current year SOCAR's "Azneft" Production Union produced 4,73 mln. tons of oil which is 1,2% more in comparison to the related period of the previous year, the reliable source working in oil and gas sector told APA-Economics.

According to the source, in the III quarter of this year Azneft" Production Union produced 1,61 mln. tons of oil which means 2% growth in comparison to the related quarter of the previous year.

Azneft Production Union carries out the operation of 34 oil and gas field in Azerbaijan. Of these 20 are located on land, and 14 in the Azerbaijani sector of the Caspian Sea.

Note that, in general, during 9 months of this year SOCAR produced 5,73 mln. tons of oil (1,7% growth).

Emil Ismayilov

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