SOCAR cuts 10-month crude, natural gas production yr/yr

17:00 | 24.11.2015
SOCAR cuts 10-month crude, natural gas production yr/yr

SOCAR cuts 10-month crude, natural gas production yr/yr

Azerbaijan’s state energy company SOCAR pumped less crude oil and natural gas in the first ten months of 2015 year on year.

Crude production fell to 6.9 million tons from 7 million tons a year earlier, according to figures published on the company website.

Natural gas output declined to 5.8 billion cubic meters from 6.1 billion cubic meters.

Azerbaijan’s total oil production fell 1.8 percent during the period, according to a State Statistics Committee Report.

Production of marketable natural gas rose 6.2 percent.

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