Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Azerbaijan’s Socar Pumped Less Crude Oil, Natural-Gas Last Year

Don't Miss Out —
Follow us on:

Jan. 30 (Bloomberg) -- State Oil Co. of Azerbaijan pumped less oil and gas in 2012 as the Caspian Sea nation cut output.

The producer known as Socar delivered 8.2 million metric tons of oil, down 1.88 percent, figures published today on the website of the Baku-based company show. Socar also produced 6.87 billion cubic meters of natural gas in 2012, down 3 percent.

Crude output by Azerbaijan, the largest oil producer in the former Soviet Union after Russia and Kazakhstan, declined by 5.3 percent to 43 million tons, the State Statistics Committee said Jan. 17. The country’s production of marketable gas increased by 5.4 percent to 17.2 billion cubic meters, the committee said.

Azerbaijan exports gas to Turkey, Georgia and Russia.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.