SOCAR increases oil, gas output in first 10 months

(Baku Daily) - Azerbaijan’s state oil company SOCAR has produced more crude oil and natural gas in the first ten months of 2014 year on year.

Oil production in the January-October period rose to 7 million tons (171,000 barrels a day) from 6.9 million tons a year earlier, the company said on its website.

Gas output grew to 6.1 billion cubic meters from 5.9 billion cubic meters.

Azerbaijan’s total oil production during the period fell to 35.6 million tons (872,400 barrels a day) from 36.1 million tons as the Azeri-Chirag-Guneshli (ACG) block of fields in the Caspian cut output.

Total gas production in January through October increased to 15.5 billion cubic meters from 14.6 billion cubic meters.