TODAY.AZ / Business

SOCAR reduced total and own production by 4%

16 October 2010 [12:40] - TODAY.AZ
In September, State Oil Company of Azerbaijan (SOCAR) reduced the total oil production by 3.9% compared with August while company’s own oil and gas production fell by 4%, the company said.

In 2009, total oil production (including gas condensate) amounted to 97.1% of the production for 2008 (9,337.1 thousand tons).

748,000 tons of oil was produced in September against 777.6 thousand tons in August, 773.7 thousand tons in July, 745.2 tons in June, 779.3 thousand tons in May, 756, 6 thousand tons in April, 780.3 thousand tons in March, 703.8 thousand tons in February, 782.3 thousand tons in January this year and 759.25 tons in December 2009.

Oil and gas production by the company’s units amounted to 602.5 thousand tons against 627.5 thousand tons in August, 621.4 thousand tons in July, 599 tons in June, 619.3 thousand tons in May , 597.6 thousand tons, 625.9 tons, 570.5 tons, 624.6 thousand tons and 610.96 tons, respectively, while the share of SOCAR in the production of joint ventures and operating companies (JVs and OC) totaled 145.5 thousand tons against 150.1 thousand tons in August, 152.3 thousand tons in July, 146.2 tons in June, 160 tons, 159 thousand tons, 154.4 thousand tons, 133.3 tons, 157.7 thousand tons and 148.29 tons.

In January-September, total production amounted to 6,806.7 thousand tons, with domestic production totaling 5,488.2 thousand tons and share in the JV and OC totaling 1,318.5 thousand tons, the company said. In 2009, total production amounted to 9063.19 tons, own production - 7301.41 thousand tons, while the share in the JV and OC topped 1,761.78 tons.

In September 2010, SOCAR deposited for recycling 527.1 thousand tons of oil against 502.2 thousand tons in August, 508.9 thousand tons in July, 532.9 tons in June, 502.3 thousand tons in May, 524.7 thousand tons in April, 544.4 thousand tons in March, 465.7 thousand tons in February, 564.6 thousand tons in January and 566.7 thousand tons in December 2009. In January-September, 4672.9 thousand tons of oil was deposited for recycling while deposit processing was 6,035.97 tons in 2009 vs. 7,351.25 tons in 2008.

In September, oil exports amounted to 220.4 thousand tons against 196.7 thousand tons in August, 247.7 thousand tons in July, 200.7 tons in June, 266.8 thousand tons in May, 232.4 thousand tons in April, 232.4 thousand tons in March, 186.4 thousand tons in February, 216 tons in January and 195.65 tons in December 2009. In January-September, it reached 1,999.5 thousand tons. Some 3,240.36 tons vs. 2,280.94 tons in 2008 was exported in 2009.

Crude oil sales were not realized in 2010, as in the July-November 2008 and in 2009. In 2008 it was conducted only in March by SOCAR’s oil and gas producing units and amounted to 0.1 tons vs. 0.5 tons in January-July 2007.


/Vesti.az/
URL: http://www.today.az/news/business/75142.html

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