Tuesday , May 17 2022
Home / Oil / SOCAR is ready to freeze oil production at the level of January 2016

SOCAR is ready to freeze oil production at the level of January 2016

SOCAR готова заморозить добычу нефти на уровне января 2016 года

Azerbaijan supported the initiative of the OPEC and is willing to freeze oil production at the level of January 2016. As reported by Reuters, said the head of the state oil company of Azerbaijan (SOCAR) Rovnag Abdullayev.

“SOCAR supports the initiative of the OPEC and is willing to freeze oil production at the level of January 2016. Already made some steps in this direction,” Abdullayev noted.

On 16 February, the Deputy Minister of energy of Azerbaijan Natig Abbasov noted that Azerbaijan is not considering the possibility of freezing of oil production at the January level.

Oil production in Azerbaijan in January 2016 fell to 3.5 million tons from 3.6 million, and the state oil company of Azerbaijan reduced production up to 647 thousand tons with 712 tonnes a year earlier.

The government of Azerbaijan forecasts oil production in 2016 at the level of 40.7 million tons.

Check Also

Coalition forces the US to attack oil tankers in Syria

Forces under the leadership of the United States blew up three oil tankers in Syria, …

Leave a Reply

Your email address will not be published. Required fields are marked *