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Dramatic Improvement in Gas Production in Azerbaijan

Oil&Gas Materials 19 March 2008 14:47 (UTC +04:00)

Azerbaijan, Baku, 18 March / Trend / In January-February 2008, Azerbaijan produced about 7.6mln tons of oil and condensate, while in the same period of 2007 oil and condensate production comprised only 6.8mln tons, the State Statistical Committee of Azerbaijan said.

Main volume of the oil in January-February was produced by the Azerbaijan International Operating Company (AIOC), which has produced 6.2mln tons of oil in the bloc of offshore fields Azeri-Chirag-Gunashli, and in the same period of 2007 the company's oil production was just 5.3mln tons.

The two months' gas production amounted to 2.6bln cu m, while in the same period of 2007 it comprised 1.3bln cu m.

In January-February 2008, Azerbaijan produced 4.3bln KW/hour of electric power, while in the same period of 2007 it was 4.2bln KW/hour.

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