SOCAR reduces oil output nearly 15% year-on-year

SOCAR reduces oil output nearly 15% year-on-year
  • Clock-gray 13:29
  • calendar-gray 17 April 2017

In March 2017, the State Oil Company of Azerbaijan Republic (SOCAR) produced 624,800 tonnes of oil, down 3.31% from 2016, up 8.43% from February 2017, read a statement from SOCAR.

 

SOCAR produced 1,846,100 tonnes of oil in January-March, down 2.74% in comparison to a year earlier.

 

Oil production amounted to 645,100 tonnes in January, 576,200 tonnes in February.

 

Oil production across the country made 3,113,000 tonnes, down 14.70% by contrast to 2016, up 4.61% from February.

 

In January-March, totally 9,456,200 tonnes of oil were produced across the country, down 10% compared to previous year.

 

 

 

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