The country's revenues from oil exported from Azeri-Chirag-Guneshli (ACG) oilfields rose to $3.489 million in the first eight months, up from $2.657 million in the same period last year.

SOCAR became the full owner of its subsidiary in Turkey, SOCAR Turkiye Enerji. In August 2015, Goldman Sachs acquired this stake from SOCAR for $1.3 billion.

The resource-rich ex-Soviet country is now scheduled to produce 640,000 bpd from the next month.