Baku, Azerbaijan, Oct. 3
Trend:
Oil production in Azerbaijan will increase slightly by the end of 2018 compared with the current level, Reuters reported on Oct. 3 citing the Minister of Energy of Azerbaijan Parviz Shahbazov, who is in Moscow.
In September, the volume of raw material production in Azerbaijan almost did not change compared to August and amounted to 773,000 barrels per day, Shahbazov told journalists on the sidelines of the Russian energy week.
Shahbazov added that the growth of oil production will ensure an increase in gas condensate production and investment.
In August, daily oil production in Azerbaijan amounted to 774,000 barrels, of which 716,000 were oil, and 58,000 condensate. Some 19,000 barrels of oil were exported.
In January, Azerbaijan produced an average of 814,600 barrels per day, in February - 806,000 barrels, in March - 794,000 barrels, in April - 785,700 barrels, in May - 801,000 barrels, in June - 792,000 barrels and in July - 773,000 barrels.