VOL. XLII

No. 04

25-January-1999

FSU

Socar Reports Azerbaijan Produced 9Mn Tons Of Crude During1998

Azerbaijan痴 state-owned oil company Socar has releasedfigures showing that Azerbaijan produced 9.05mn tons (181,000 b/d) of crude oilduring 1998. It said that for the last five years, crude oil production hasremained at around 9mnn tons, but 1998 registered a slight increase. Thelargest foreign consortium in the country, the Azerbaijan InternationalOperating Company (AIOC), is currently producing...