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Socar Oil, Natural-Gas Output Fell in First Five Months of Year

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June 28 (Bloomberg) -- State Oil Co. of Azerbaijan, the Azeri energy producer known as Socar, pumped less oil and gas in the first five months of 2012 than a year earlier.

Oil production fell 2.6 percent to 3.4 million metric tons, while gas output slid 2.8 percent to 2.86 billion cubic meters, the Baku-based company said today on its website, without giving a reason. Socar officials previously attributed falling oil production to increased safety measures at the BP Plc-led Azeri-Chirag-Guneshli field after the Gulf of Mexico oil spill.

The state energy producer pumped 8.4 million tons of oil and 7 billion cubic meters of gas last year, down from 8.46 million tons of oil and 7.2 billion cubic meters of gas a year earlier.

Azerbaijan, the third-largest oil producer in the former Soviet Union, cut total oil production by 10 percent to 45.6 million tons last year. Gas output fell 2 percent to 25.8 billion cubic meters.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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