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Azerbaijan reveals oil, gas production volumes in 2016

Oil&Gas Materials 18 January 2017 12:08 (UTC +04:00)
Azerbaijan produced more than 41 million tons of oil and 29.4 billion cubic meters of gas in 2016
Azerbaijan reveals oil, gas production volumes in 2016

Baku, Azerbaijan, Jan. 18

By Maksim Tsurkov – Trend:

Azerbaijan produced more than 41 million tons of oil and 29.4 billion cubic meters of gas in 2016, Khoshbakht Yusifzade, first vice president of Azerbaijan’s state oil company SOCAR, said in his article posted Jan. 18 in the country’s official press.

SOCAR produced 7.5 million tons of oil and 6.3 billion cubic meters of gas at its own expense, Yusifzade wrote.

“Azerbaijan International Operating Company (AIOC) and the Shah Deniz consortium produced 33.5 million tons of oil and 23.1 billion cubic meters of gas,” said Yusifzade.

The Azerbaijani government forecasts oil production at the level of 39.8 million tons for 2017, and gas production volumes are expected to reach 28.39 billion cubic meters this year.

Azerbaijan produced 41.6 million tons of oil and 29.1 billion cubic meters of gas in 2015.

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Follow the author on Twitter: @MaksimTsurkov

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