From January to May 2015 SOCAR extracted 3,462,100 tons of oil, down 1.2% against the same period last year, reads SOCAR’s web site.
In May 2015 SOCAR extracted 706,500 tons of oil.
In 2014 total volume of oil extraction in Azerbaijan reached 41.9 million tons, of which 8,402,500 tons was extracted by SOCAR.
Rahman Gurbanov, SOCAR Vice President for Production and Transportation, said that in 2015 SOCAR is forecast to extract 8.3 million tons of oil.