SOCAR cuts gas production

Azerbaijan’s state energy company SOCAR produced 570.2 million cubic meters of gas in January 2015, compared to 598 million cubic meters in January 2014, the company reported.

SOCAR develops the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields and the Shah Deniz gas and condensate field jointly with foreign partners.

Around 2.496 billion cubic meters of gas was produced in the country in January 2015, compared to 2.04 billion cubic meters in January 2014, according to SOCAR.

SOCAR includes Azneft (companies producing oil and gas on land and sea), Azerkimya (chemical industry) and Azerigas (gas distribution) production associations.

In addition, the state oil company has a number of processing and service enterprises, as well as institutions involved in geophysical and drilling activities.

SOURCE: AZER NEWS