SOCAR reduces oil output nearly 9%

SOCAR reduces oil output nearly 9%
# 22 December 2016 15:41 (UTC +04:00)

In January-November 2016, the State Oil Company of Azerbaijan Republic (SOCAR) produced 6,935,100 tonnes of oil, down 8.6% from 2015, , read a statement from SOCAR.

SOCAR produced 618,000 tonnes of oil in November.

Oil production across the country made 37,719,300 tonnes (-1.4% compared to 2015) in January-November 2016, 2,998,300 tonnes in November.

Azerbaijani government forecasts oil output in 2016 at 40,744,900 tonnes.

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