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.
