The State Oil Company of Azerbaijan (SOCAR) produced 7 million 485.59 thousand tons of oil in 2024, according to the company’s report on last year’s results.
As reported, SOCAR produced 7 million 736.202 thousand tons of oil in 2023. Thus, last year, the figure decreased by 3.2%.
According to the data, gas production in 2024 amounted to 7 billion 718.053 million cubic meters, compared to 8 billion 390.738 million cubic meters a year earlier. Thus, DNAOC reduced gas production by 8% last year.
The company also notes that last year, gas consumption in Azerbaijan amounted to 13 billion 666.353 million cubic meters, which is 1.7% more than in 2023.
Earlier, the republic’s Ministry of Energy, citing operational data, reported that in 2024, the State Oil Company of Azerbaijan produced 7.5 million tons of oil with condensate at its own fields, which is 3.8% less than in 2023, as well as 7.7 billion cubic meters of gas, which is 8.3% lower than the previous year.
