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Socar’s Gas Output Fell 13% on Year in Jan While Oil Stable

NATURAL GAS

Azerbaijan’s Socar pumped 700 mcm of natural gas in January, compared to 800 mcm from the same month in 2023, Bloomberg said.

  • Most of Azerbaijan’s oil and natural gas production comes from the BP-led projects of ACG and Shah Deniz which pumped 4.3% more gas on the year in January.
  • Oil production from Socar was 0.7m mt in January, stable on the month. Socar exported 0.3m mt in the month.

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