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Socar cuts oil, natural gas output last year

Socar cuts oil, natural gas output last year
01.02.2016 18:00
Azerbaijan's state energy company Socar reduced its own oil production to 8.2 million tonnes in 2015 from 8.3 million tonnes in 2014.

Natural gas production was also reduced to 6.8 billion cubic mters (bcm) last year from 7.2 bcm a year earlier, the company  said on its website.

No reason was given for the output decline.

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