Ceyhan Port delivers 1.4M tons of Azerbaijani oil to world market

By Azernews

By Laman Ismayilova

Azerbaijani state oil company SOCAR exported 79, 935 tons of crude oil from the Novorossiysk Port, 176 ,109 tons of crude oil from the Supsa Port, and 1, 398 million tons of crude oil from the Ceyhan Port in January, 2017.

The indices of crude oil exported by SOCAR reflect the volumes of crude oil belonging to both State of Azerbaijan and SOCAR.

SOCAR is the sole producer of oil products in Azerbaijan. Along with Azneft, SOCAR includes Azerkimya (the chemical industry enterprises) and Azerigaz production associations. The company also has a number of processing enterprises, service enterprises, and institutions involved in geophysical and drilling operations.

The country holds 0.4 percent of the world’s total proven oil reserves, and produce 1 percent of the world’s oil total output according to the BP Statistical review of World Energy 2015.

Azerbaijan’s proven gas reserves as of early 2016 amounted to 1.1 trillion cubic meters, which accounts for 0.6 percent of global proven gas reserves, according to BP's estimates.