BP-Azerbaijan: Business update 1st half 2018 results

Cost of Azerbaijani oil has declined

The price of a barrel of Azerbaijani oil grade Azeri Light decreased by $0.65

Price of oil Azeri Light grows

Azerbaijani oil of grade Azeri Light has increased by $0.22

SOCAR increased crude oil export by 18%

The State Oil Company of Azerbaijan (SOCAR) exported 6.1 million tons of crude oil in the 2nd quarter of 2018 that is by 18% more versus the same term of 2017.

SOCAR increased drilling operations for past 6 months of 2018

The State Oil Company of Azerbaijan in the 1st half of 2018 increased drilling operations by 8.4%

Azerbaijan extracted 14.36 bn cu m of gas for 1st half of 2018

The State Oil Company of Azerbaijan produced 3.2 bn cu m of gas in the first half of 2018

Azerbaijan produced 19.38 million tons of oil for past 6 months

The State Oil Company of Azerbaijan produced 3.7 million tons of oil for the past 6 months of 2018

Azerbaijan’s oil has risen in price again

Azerbaijani oil of grade Azeri Light has increased by $0.7

Azerbaijan’s oil has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $0.25

SOCAR AQS and KCA Deutag create a JV

SOCAR AQS and UK oil service company KCA Deutag are establishing a joint venture

Azerbaijan’s oil has declined in price

Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $0.1

Socar Ukraine becomes gas import leader

SOCAR has become the leader on gas import to Ukraine among commercial companies

Azeri Light has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Light has increased by $1.1

Earnings of SOCAR Polymer plants are expected to reach $6.3 bn

and 30% of this amount will be Company's net profit

Cost of oil Azeri Light has fallen

The price of a barrel of Azerbaijani oil grade Azeri Light has declined by $0.52