TODAY.AZ / Business

SOCAR ups oil, gas output in six months

06 July 2006 [11:42] - TODAY.AZ
The Azeri State Oil Company (SOCAR) produced 4.45m tons of oil in the first six months of 2006 against the target of about 4.36m tons, or 2% over the projection.

Oil and gas producing units extracted 3.909 million tons of oil, while joint ventures and operating companies – the remaining 541,000 tons.

Despite the increase, the output was 0.5% below January-June 2005, the company told AssA-Irada.

SOCAR's gas output increased 31.9% compared to the same period of 2005, as some 3.39bn cubic meters were produced instead of the planned 2.57bn cu. m. However, gas production was 2.7% below the projection for January-June.



Print version

Views: 1463

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: