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Azerbaijan reduces oil production

Oil&Gas Materials 16 December 2015 17:47 (UTC +04:00)

Baku, Azerbaijan, Dec.16

By Maksim Tsurkov - Trend:

Azerbaijan has produced 38.32 million tons of oil and gas condensate in Jan.-Nov. 2015, or 0.5 percent less than in the same period in 2014, said the report issued by the 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 production accounts 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 Azerbaijan totaled 18.07 billion cubic meters in Jan.-Nov. 2015, or 6.3 percent more than in the same period in 2014, according to the State Statistical Committee.

This is while the commercial gas production in the country stood at 18.7 billion cubic meters in 2014, compared to 17.9 billion cubic meters in 2013.

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