SOCAR boosts oil exports by over 3%

The State Oil Company of Azerbaijan (SOCAR) exported 3 million tons of oil during the first 11 months of 2024, an increase of 0.1 million tons or 3.4% year-on-year, Report informs, citing Azerbaijan’s Energy Ministry.

In total, Azerbaijan exported 22.2 million tons of oil (including condensate) in January-November of this year, which is 0.9 million tons or 4% less than the previous year.

During the reporting period, the consortium exported 19.2 million tons of oil, down 1 million tons or 4.9% compared to the same period last year.