SOCAR’s oil and gas output falls, but national production grows

In 2024, the State Oil Company of Azerbaijan (SOCAR) produced 7.5 million tons of oil and 7.7 billion cubic meters of natural gas from fields it operates either independently or as a major shareholder, Azernews reports. This information comes from SOCAR’s annual report detailing its drilling, production, refining, and export performance. According to the report, oil production from these fields decreased by ...
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