Significant increase in Azerbaijan’s gas production

Oil&Gas Materials 18 May 2019 12:08 (UTC +04:00)

Baku, Azerbaijan, May 18

By Sara Israfilbayova – Trend:

Azerbaijan produced 12.4 million tons of oil and gas condensate in January-April 2019, which is 9 percent less than the same period last year, Trend reports referring to a report by the State Statistical Committee.

The volume of gas produced amounted to almost 11.6 billion cubic meters over the same period, including over 8 billion cubic meters of marketable gas. Over the year, these figures increased by 20.2 and 30.3 percent, respectively.

As of March 1, 2019, the stock of finished products (oil) made up 219,200 tons.

In 2018, Azerbaijan produced about 38.76 million tons of oil and gas condensate, which is roughly equal to the figures from 2017. The main volume of Azerbaijan's oil production accounts for the Azeri-Chirag-Guneshli (ACG) complex.

Gas production for 2018 in Azerbaijan amounted to 30.59 billion cubic meters (a 7.1-percent increase), while marketable gas output reached 19.2 billion cubic meters (a 5.8-percent increase).


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