In Q3 SOCAR exported about 3,7 mln tons of crude oil and more than 148 mln cubic meters of natural gas

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The FINANCIAL — SOCAR produced above 1,8 million tons1 of oil and more than 1,8 billion cubic meters2 of natural gas during the third quarter of 2020. Due to production cuts under OPEC+ agreement, oil production decreased, as compared to the same period of the previous year. Natural gas production continued to grow. Nationwide crude oil and natural gas output totaled about 8,2 million tons3 and 8,2 billion cubic meters4 respectively.

In the third quarter, SOCAR carried out 11 thousand meters5 of drilling work, while total volume of the country’s performance in this area amounted to 42 thousand meters6 .

SOCAR’s quarterly refining output was about 1,3 million tons7 of oil and above 827 million cubic meters8 of natural gas.

In the third quarter of 2020 SOCAR exported about 3,7 million tons9 of crude oil and more than 148 million cubic meters10 of natural gas. During this period about 2,3 billion cubic meters11 of natural gas were consumed on domestic market and more than 3 billion cubic meters12 were exported, a 13 percent increase from the same period of the previous year.

SOCAR exported about 571 thousand tons13 of refined oil products and chemicals in the third quarter of 2020.

Note: The figures in the report were rounded for readability. Please find exact figures in the endnote.

1 1,803,310 tons

21,842,764,000 cubic meters

38,184,440 tons

48,183,295,000 cubic meters

511,105 meters

641,525 meters

71,256,412 tons

8827,481,000 cubic meters

9 3,637,330 tons

10148,153,000 cubic meters

112,296,008,000 cubic meters

12 3,012,618,000 cubic meters

13 571,471 tons

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