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Oil production down in Azerbaijan

Oil&Gas Materials 16 November 2017 18:59 (UTC +04:00)

Baku, Azerbaijan, Nov. 16

By Maksim Tsurkov – Trend:

In January-October 2017, 32.24 million tons of oil and gas condensate were produced in Azerbaijan, which is 7.1 percent less than in the same period of 2016, the Azerbaijani State Statistics Committee said in a 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 15.06 billion cubic meters in January-October 2017, or 2.6 percent less than in January-October 2016.

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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