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Azerbaijan crude oil, condensate output decreased 3.2% in Jan-Nov

December 23/2019

MOSCOW (MRC) -- Azerbaijans crude oil and gas condensate output fell by 3.2% year-on-year in January-November 2019 to 34.3 million tons, the State Statistics Committee said, as per Hydrocarbonprocessing.

Azerbaijan produced 38.758 million tonnes of crude oil and gas condensate in 2018, almost unchanged from 2017.

As MRC informed before, SOCAR Turkey Energy, which is a subsidiary of the State Oil Company of Azerbaijan (SOCAR), plans to lay the foundation of the Mercury petrochemical complex in Turkey in H1-2020. The plant will be located in Aliaga district, next to the Petkim petrochemical complex and the STAR refinery. With the commissioning of this plant, Turkey will settle the matter with the import of purified terephthalic acid (PTA).

PTA is one of the main feedstocks for the production of polyethylene terephthalate (PET).

According to MRC's ScanPlast report, Russia's overall estimated PET consumption reached 42,020 tonnes in October 2019, down by 32% year on year. At the same time, the estimated PET consumption in Russia increased to 593,480 tonnes in January-October 2019, up by 5% year on year.
Author:Anna Larionova
Tags:petroleum products, crude oil, SOCAR Polymer, Azerbaijan.
Category:General News
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