NEWS

SOCAR’s oil production declines by 5.1% in Q3

NOVEMBER 02, 2026

In July-September 2026, the State Oil Company of Azerbaijan (SOCAR) produced 1,717,082 tons of oil from fields it operates independently or as the main shareholder.

According to the company’s reported figures, this represents a decrease of 93,050 tons, or 5.1%, compared with the same period in 2025.

Overall, Azerbaijan produced 6,590,477 tons of crude oil in the third quarter of 2026. This was 389,044 tons, or 5.6%, lower than the figure recorded in the corresponding period of the previous year.

It should be recalled that in July-September 2025, oil production amounted to 1,810,132 tons at fields operated independently by SOCAR or where it was the main shareholder, while the country’s total crude oil output reached 6,979,521 tons.

 

https://report.az/energetika/socar-iii-rubde-1-7-milyon-tondan-cox-neft-hasil-edib