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Oil production down in Azerbaijan in January-August

Oil&Gas Materials 15 September 2017 18:59 (UTC +04:00)

Baku, Azerbaijan, Sept. 15

By Maksim Tsurkov – Trend:

In January-August 2017, 25.57 million tons of oil and gas condensate were produced in Azerbaijan, which is 9.3 percent less than in the same period of 2016, according to a State Statistics Committee report.

In 2016, 41.03 million tons of oil and gas condensate were produced in Azerbaijan, which is 1.5 percent less than in 2015.

The main oil output in Azerbaijan accounts for the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields.

Output of commercial gas in Azerbaijan stood at 12.06 billion cubic meters in January-August 2017, or 4.1 percent less than in January-August 2016, according to the State Statistics Committee.

Commercial gas output in Azerbaijan stood at 18.71 billion cubic meters in 2016, as compared to 19.72 billion cubic meters in 2015.

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