SOCAR managed to stabilize production and even increased a little

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hasilat2 (2)According to SOCAR, its production increased by 1.4% during 4 months, 2014.

According to the information placed on SOCAR web site, from January to April 2014 it extracted 2,794,900 tons of oil against 2,756,300 tons a year earlier.

In April 2014 SOCAR extracted 686,200 tons against 688,500 tons a year earlier.

These indexes of SOCAR include production by Azneft, SOCAR’s production company, and SOCAR’s shares in the production projects (joint ventures and production sharing agreements (PSA).

This year the biggest oil production volume of SOCAR was in March – 741,500 tons.

The SOCAR’s program to drill new wells on the offshore fields has played an important role in stabilization of oil production.

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