Socar of Azerbaijan Produces Less Oil in First 10 Months of Year
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State Oil Co. of Azerbaijan, or Socar, pumped less oil and natural gas in the first 10 months of the year as production from the BP Plc-led Azeri-Chirag-Guneshli field dropped.
The Baku-based company, a partner in the Caspian Sea field known as ACG, produced 6.9 million metric tons of oil in the period, a decline of 2.2 percent from a year earlier, according to data published today on its website. Gas output fell 3.4 percent to 5.7 billion cubic meters.