SOCAR increases oil production by 10% in previous quarter

The volume of drilling work carried out by the State Oil Company of Azerbaijan (SOCAR) in the third quarter of 2021 amounted to 20,000 meters, which is 82% more than in the same period last year.

Report informs, citing the company’s report that about 2 million tons of oil and about 2 billion cubic meters of gas have been extracted from the fields operated by the company.

SOCAR increased oil production by 10% and gas production by 9% compared to the corresponding period last year.