Baku, Azerbaijan, Sept.2

By Emil Ismayilov - Trend:

The State Oil Company of Azerbaijan (SOCAR) exported about 1.04 million tons of oil products from its own oil refineries in Jan.-Aug. 2014, versus 738,060 tons in the same period of 2013, according to a message from SOCAR.

The company exported around 1.04 million tons of petroleum products from its own oil refineries in 2013, versus over 1.24 million tons in 2012.

Oil products are produced at two Baku oil refineries with a total capacity of 16 million tons of oil per year. Both oil refineries belong to SOCAR, which annually processes approximately seven million tons of oil, extracted from onshore and offshore fields with SOCAR's own funds.

The table below shows the exported oil products:

Oil products	Jan.-Aug. 2014 (in tonnes)	Jan.-Aug. 2013 (in tonnes)
Diesel fuel	629,606	633,097
Motor gasoline	745	13,829
Aviation kerosene	119,715	91,130
Vacuum gas-oil	285,882	0
Furnace oil	417	0

The volumes of gasoline production and consumption in Azerbaijan became equal in 2013, which explains why the oil exports are minimized.

PremiumSOCAR significantly increases export of petroleum products

The volumes of gasoline production and consumption in Azerbaijan became equal in 2013, which explains why the oil exports are minimized.

Edited by S.I.

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