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Oil production increases in Azerbaijan

Oil&Gas Materials 19 September 2016 13:27 (UTC +04:00)

Baku, Azerbaijan, Sept. 19

By Maksim Tsurkov – Trend:

Some 28.12 million tons of oil and gas condensate were produced in Azerbaijan in January-August 2016, which is by 1.1 percent more than in the same period of 2015, the Azerbaijani State Statistics Committee said in a report.

The country produced 41.69 million tons of oil and gas condensate in 2015, as compared to 41.9 million tons in 2014.

The major part of oil produced in Azerbaijan accounts for Azeri-Chirag-Guneshli block of oil and gas fields.

The tank gas production in Azerbaijan stood at 12.38 billion cubic meters in January-August 2016, or 0.8 percent less than in the same period of 2015.

This is while the country produced 19.72 billion cubic meters of tank gas in 2015, as compared to 18.7 billion cubic meters in 2014.

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