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SOCAR reduces oil output nearly 8%

17 November 2016 08:41 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In October 2016, the State Oil Company of Azerbaijan Republic (SOCAR) produced 641,300 tonnes of oil, down 7.73% from October 2015, up 3.67% from September 2016, read a statement from SOCAR.

SOCAR produced 6,317,100 tonnes of oil in January-October, down 8.57% 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, 639,000 tonnes in July, 636,500 tonnes in August and 318,600 tonnes in September.

Oil production across the country made 3,416,600 tonnes in October, down 3.97% in comparison to the same period of 2015, up 9.74% compared to September 2016.

In January-October 2016, 34,721,000 tonnes of oil overall were produced in the country, down 0.66% 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, 3,491,300 tonnes in August and 3,113,300 tonnes in September.