SOCAR increases oil export by almost 8%

In 2022, Azerbaijan exported 26.3 million tons of oil (together with condensate), Report informs referring to the operational data of the Energy Ministry for 2022.

This is 1.8 million tons or 6.8% less than in 2021.

Of these, about 24.9 million tons fell on the Azerbaijan International Operating Company (AIOC). This is 1.9 million tons or 7.1% less than a year ago.

The share of the State Oil Company of Azerbaijan (SOCAR) accounted for 1.4 million tons of oil produced, which is 0.1 million tons or 7.7% more than on an annualized basis.