As APA News agency reports Azerbaijan has produced 50.1 mln. Tons of oil in 2010 this being about twice higher than in 2002 (22.2 mln tons). Total volume of oil extraction by SOCAR made 61,817,300 tons. SOCAR’s maximum oil extraction stood at 9,543,300 tons in 2009, minimum – at 8,400,900 tons in 2011. Needs to be reminded that Azerbaijan has signed 31 oil-gas agreements with foreign companies bringing a total of 60 bln. dollars of investment.
