Baku:SOCAR, the State Oil Company of Azerbaijan, has reported a substantial increase in its drilling operations for the third quarter of 2026. The company conducted more than 21,000 metres of drilling, marking a 74.3% increase compared to the same period in the previous year. The fields operated by SOCAR, either independently or as a major shareholder, produced 1.7 million tonnes of oil and 1.7 billion cubic metres of gas. Nationwide, gas production reached 12.5 billion cubic metres, and Azerbaijan produced a total of 6.6 million tonnes of crude oil during this period.

According to Azerbaijan State News Agency, SOCAR's oil exports to international markets totaled approximately 4 million tonnes in the third quarter. This export volume includes oil produced by SOCAR and the profit oil shares belonging to the Azerbaijani state and SOCAR from production by international consortia in the country. Nationwide natural gas exports surpassed 5.7 billion cubic metres, while domestic consumption was nearly 2.3 billion cubic metres.

In addition to its drilling and production efforts, SOCAR processed over 1.6 million tonnes of oil and nearly 632 million cubic metres of gas in the third quarter of 2026. The company exported 657,400 tonnes of oil, petrochemical, and gas-chemical products manufactured at its facilities in Azerbaijan to international markets. Exports of these products saw an increase of 2.8%.