Azerbaijan reports on oil production and refining in January-September

Nov 15, 1999 01:00 AM

The State Oil Company of Azerbaijan (SOCAR) and the Azerbaijan International Operating Company (AIOC) extracted 10.3 million metric tons of oil in the first nine months of 1999. Primary oil refining totalled 6.1 million metric tons.
Over the same period, 3.9 million metric tons of oil and petroleum products were exported and 277,900 metric tons of petroleum products imported; 3.7 million metric tons of petroleum products were sold inside Azerbaijan.
As of October 1, 1999, there remained about 1 million metric tons of oil and petroleum products in storage. The gap between processed and marketed oil thus stood at about 1.4 million metric tons. Experts believe that the same oil and petroleum products might have been stolen in the first nine months of 1999.

Source: ZERKALO via NewsBase
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