SOCAR reduces oil output about 6% last year

SOCAR reduces oil output about 6% last year
  • Clock-gray 07:28
  • calendar-gray 16 January 2018

In 2017, the State Oil Company of Azerbaijan Republic (SOCAR) produced 7,427,100 tonnes of oil, down 1.27% from 2016, read a statement from SOCAR.

 

In December 2017, SOCAR produced 624,300 tonnes of oil, up 6.55% from a year earlier, 3.36% from previous month.

 

In 2017, 38,688,900 tonnes of oil were produced in the country, down 5.72% in comparison to a year earlier.

 

Oil production across the country made up 3,362,400 tonnes in December, up 1.43% from previous year, 5.93% from November.

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