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Oil production slightly up in Azerbaijan

Oil&Gas Materials 19 March 2018 10:39 (UTC +04:00)

Baku, Azerbaijan, March 19

By Maksim Tsurkov – Trend:

Azerbaijan produced more than 6.37 million tons of oil and gas condensate in January-February 2018, which is 0.5 percent more than in the same period of 2017, according to a report of the country’s State Statistics Committee.

In 2017, 38.78 million tons of oil and gas condensate were produced in Azerbaijan, which is 5.5 percent less than in 2016.

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 2.91 billion cubic meters in January-February 2018, which is 9.4 percent less than in the same period of 2017.

Commercial gas output in Azerbaijan stood at 18.16 billion cubic meters in 2017, as compared to 18.71 billion cubic meters in 2016.

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Follow the author on Twitter: @MaksimTsurkov

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