BAKU, Azerbaijan, August 14. Azerbaijan State Oil Company (SOCAR) has refined 1.547 million tons of oil in the second quarter of 2024, Trend reports.
According to the numbers crunched using SOCAR's data, refining took a nosedive by 1.8 percent, or 27,702 tons, throughout the year.
For comparison, SOCAR's oil refining volume amounted to 1.575 million tons in the second quarter of 2023.
SOCAR is involved in the exploration of oil and gas fields, as well as the production, processing, and transportation of oil, gas, and gas condensate. The company also handles the sale of oil and petrochemical products in both domestic and international markets and supplies natural gas to industrial enterprises and the population in Azerbaijan, as well as to Europe.
The company is spreading its wings in countries like Türkiye, Georgia, Romania, Switzerland, Germany, and Ukraine, with trading activities primarily in Switzerland, Singapore, and Nigeria.