SOCAR increased oil and gas production last year

SOCAR increased oil and gas production last year
# 16 January 2020 12:52 (UTC +04:00)

Last year, SOCAR produced 7.7 mln. tons of oil on the fields operated directly by itself  using its own potential, and this figure is by 2% more than the indicator for 2018, “APA-Economics” reports citing the annual report issued by SOCAR.

The company produced 6.8 bln. cubic meters of gas in 2019 which means 4.6% growth.

Note that the total gas production in the country amounted to 35.6 bln. cubic meters, and oil production – to 37.5 mln. tons.

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