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Oil, gas condensate production drops in Azerbaijan

Oil&Gas Materials 22 September 2015 12:21 (UTC +04:00)

Baku, Azerbaijan, Sept.22

By Maksim Tsurkov - Trend:

The volume of oil and gas condensate production in Azerbaijan stood at 27.9 million tons in Jan.-Aug. 2015, or 2.6 percent less than in the same period of 2014, said the report from the country's State Statistical Committee.

This is while 41.9 million tons of oil and gas condensate was produced in Azerbaijan in 2014, compared to 43.1 million tons in 2013.

The major part of oil produced in 2014 accounted for the Azeri-Chirag-Guneshli block of oil and gas fields and Shah Deniz gas and condensate field which are developed jointly with foreign partners.

The commercial gas production in the country stood at 12.85 billion cubic meters in Jan.-Aug. 2015, or 4.2 percent more than in the first eight months of 2014, according to the State Statistical Committee.

The commercial gas production in Azerbaijan totaled 18.7 billion cubic meters in 2014, compared to 17.9 billion cubic meters in 2013.

Edited by SI

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