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24.01.2014 10:40

SOCAR: In 2013 Azerbaijan produced over 43 million tons of oil and 29 billion cubic meters of gas

In 2013 Azerbaijan produced 43.5 million tons of oil, the head of SOCAR, the State Oil Company of Azerbaijan, Rovnag Abdullayev said on Dec.28 at an event summing up the year of 2013.
SOCARs head said that within the year the country also produced 29.5 billion cubic meters of gas (in this volume include all operating mining companies, except ACG and Shah Deniz).
The State Oil Company produced 8.34 million tons of oil and 7.15 billion cubic meters of gas.
Oil is produced independently by SOCAR as well as through joint ventures. In addition, oil and gas production is carried out under the contract on the development of the Azeri-Chirag-Guneshli field block. Gas and condensate are produced within the Shah Deniz field development project. In both contracts SOCAR operates within a consortium with foreign companies.

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