News Archive

15 July 2020

Drilling, production, refining and export figures for the 2nd quarter of 2020


In the second quarter of 2020, SOCAR produced 1.8 million tons1 of oil and 1.8 billion cubic meters2 of natural gas. The country’s natural gas production increased by 14% compared to the same period of the previous year, reaching 9.4 billion cubic meters3. Crude oil production totaled 8.6 million tons4 nationwide. The volume of drilling, performed by SOCAR, exceeded 15 thousand meters5, a decrease from the same period of last year. This was due to the decrease in global oil demand as the results of COVID-19 pandemic and temporary oil production cut under the OPEC+ agreement. Production and drilling were suspended mainly on the onshore fields with low profitability.

In the second quarter, SOCAR’s refining output was about 1.5 million tons6 of oil, 804 million cubic meters7 of natural gas. The oil refining depth reached 94.93%.

The company exported more than 5 million tons8 of crude oil. The country’s total natural gas export was about 3 billion cubic meters9, a 22,5% increase from the 2nd quarter of 2019. SOCAR’s autonomous natural gas export amounted to 138 million cubic meters10. Oil refinery and petrochemical products exports reached 671 thousand tons11 in April- June 2020.

In the second quarter of the year more than 2,2 billion cubic meters12 of natural gas were consumed in Azerbaijan. A 20,5% increase in consumption was registered among the households, whilst the gas consumption in the industrial and energy sectors slightly decreased.

1 - 1.841.160 ton

2 - 1.827.562.000 cubic meters

3 - 9.370.040.000 cubic meters

4 - 8.566.262 tons

5 - 15.161 meters

6 - 1.460.664 tons

7 - 803.650.000 cubic meters

8 - 5.040.247 tons

9 - 2.993.979.000 cubic meters

10 - 138.228.000 cubic meters

11 - 671.221 tons

12 - 2.233.700.000 cubic meters