SOCAR reduces oil production by over 3%

12:13 23 Aprel 2015
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[ 23 April 2015 13:08 ]

Baku. Aqshin Rafiqoglu – APA-Economics. In March 2015, the State Oil Company of Azerbaijan Republic (SOCAR) produced 717,200 tonnes of oil, which is a 3.3% increase compared to March 2014 but an 11.7% increase compared to February 2015, according to APA-Economics.

Note that, in January 2015, SOCAR produced 712,300 tonnes of oil and in February 641,900.
 
Oil production during January-March 2015 stood at 2,071,400 tonnes, 1.77% up in comparison with the same period of 2014.
 
In March 2015, 3,722,100 tonnes of oil overall was produced in the country. That is a 2.75% increase compared to March 2014 and a 13.0% increase in comparison with February of this year. 
 
Note that, in January 2015, a total of 3,667,600 tonnes of oil was produced in the country and 3,293,000 in February. 
 
During January-March 2015, 10,682,700 tonnes of oil in total was produced in the country, 1.85% down compared to the first quarter of 2014. 
 


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