SOCAR exports over 4 million tons of oil

Energy
  • 13 August, 2024
  • 08:13
SOCAR exports over 4 million tons of oil

In the second quarter of this year, the State Oil Company of Azerbaijan (SOCAR) exported 4,154,727 tons of oil.

According to Report, which cites SOCAR's published drilling, production, processing, and export figures for the second quarter of 2024, this is 495,157 tons or 10.65% less than in the same period last year.

This includes the volumes of oil produced by the company with its own resources, as well as Azerbaijan's and SOCAR's profit shares from oil produced by international consortiums operating in the country.

In the second quarter of 2023, SOCAR exported 4,649,884 tons of oil.