BAKU, Azerbaijan, October 30. Natural gas deliveries by Azerbaijan’s state oil company SOCAR to Georgia have plummeted in the third quarter of 2023, as compared to the same period in 2022, Trend reports.
SOCAR’s data reveals that the company supplied around 71 million cubic meters of gas to this country in 3Q 2023, versus 174 million cubic meters in the third quarter of 2022, showing a 59.2 percent decrease.
The total volume of gas exports from Azerbaijan in 3Q exceeded 5.8 billion cubic meters, showing a 12.9 percent increase year-on-year.
The company has produced around 2 million tons of oil and about 2 billion cubic meters of gas in 3Q 2023. The overall oil and gas production in Azerbaijan during the reporting period stood at more than 7.5 million tons and 12 billion cubic meters of gas, respectively. Gas production has increased by 9.4 percent year-on-year.
SOCAR operates in diverse sectors, encompassing oil and gas field exploration, oil, gas, and gas condensate extraction, processing, and transportation, alongside the distribution of oil and petrochemical products in both domestic and international markets. Furthermore, the company plays a crucial role in supplying natural gas to both industrial enterprises and the general population of Azerbaijan, as well as extending its services to Europe.
Beyond Azerbaijan, SOCAR is actively involved in numerous international ventures, spanning countries such as Türkiye, Georgia, Romania, Switzerland, Germany, and Ukraine. Additionally, the company engages in significant trading operations primarily based in Switzerland, Singapore, and Nigeria.
Follow the author on X: @Lyaman_Zeyn