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SOCAR gradually improves oil production showings

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State Oil Company of Azerbaijan (SOCAR) has released the  January 2014 oil production data: it extracted 715,400 tons of oil.

In January 2013 SOCAR extracted 709,200 tons of oil. During January 2014 SOCAR has increased the oil production showing by 0.8%.

 

 

Table of SOCAR’s oil production in January 2014

 

 

 

years

volume (thousand tons)

2011

720,100

2012

706,600

2013

709,200

2014

715,400

 

 

 

SOCAR has managed to increase oil production, because it has started the program of oil production increase,   which envisages increase in number of the operation wells on the offshore fields.

 

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