Azerbaijan, Baku, Oct.15 / Trend, E. Ismayilov /
Over the past five years 158 million tons of oil and 44 billion cubic meters of tank gas have been produced in Azerbaijan, Industry and Energy Minister Natig Aliyev's article published on the "Azerbaijan" newspaper on Saturday says.
"It is not coincidental that over the past five years, production in extractive industry increased by 2.8 times, including oil production increased almost threefold, and gas - more than three times," Aliyev said.
Most of the oil produced in Azerbaijan account for the block of "Azeri-Chirag-Guneshli" oil and gas fields, developed by the State Oil Company of Azerbaijan (SOCAR) jointly with foreign companies.
The country produces gas on the "Shah Deniz" gas and condensate field in the Azerbaijani sector of Caspian Sea, associated gas - on the ACG, as well as on the fields developed by SOCAR on its own.