Azerbaijan’s oil production declines

Economy Materials 10 September 2014 17:34 (UTC +04:00)

Baku, Azerbaijan, Sept. 10

By Emil Ismayilov - Trend:

Azerbaijan produced 28.6 million metric tons of oil and gas condensate between Jan. and Aug. 2014, versus 29.1 million metric tons over the same period of 2013, according to a message from Azerbaijan's State Statistics Committee (SCC).

In 2013, Azerbaijan produced 43.1 million metric tons of oil and gas condensate as compared to 42.98 million metric tons in 2012.

The bulk of produced oil accounted for the Azeri-Chirag-Gunashli block of oil and gas fields and the Shah Deniz gas and condensate field, which are being developed jointly with foreign partners.

The production of marketable gas in Azerbaijan in Jan.-Aug. 2014 stood at 12.3 billion cubic meters as compared to 11.7 billion cubic meters in Jan.-Aug. 2013, according to the message.

In 2013, Azerbaijan produced 17.9 billion cubic meters of marketable gas versus 17.24 billion cubic meters in 2012.