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Azerbaijan slightly reduces oil output

Oil&Gas Materials 16 June 2016 17:20 (UTC +04:00)
Azerbaijan produced 17.54 million tons of oil and gas condensate in January-May 2016, which is by 0.7 percent less than in the same period of 2015.

Baku, Azerbaijan, June 16

By Azad Hasanli - Trend:

Azerbaijan produced 17.54 million tons of oil and gas condensate in January-May 2016, which is by 0.7 percent less than in the same period of 2015, said the report of the country's State Statistics Committee (SSC).

In 2015, Azerbaijan produced 41.69 million tons of oil and gas condensate versus 41.9 million tons in 2014.

The main part of produced oil accounted for Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of oil and gas fields.

Production of tank gas was 7.8 billion cubic meters in January-May 2016, which is by 9.9 percent less than in the same period of 2015, according to the SSC.

Tank gas production was 19.72 billion cubic meters in 2015 in Azerbaijan versus 18.7 billion cubic meters in 2014.

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