BAKU, Azerbaijan, June 2
By Fidan Babayeva – Trend:
The total value of crude oil and natural gas produced in Azerbaijan as well as services provided in this segment cumulatively amounted to 6.3 billion manat ($3.7 billion) from January through March 2020, State Statistical Committee told Trend.
According to the committee, this figure declined by 22.7 percent compared to the same period of 2019.
In the reporting period, the total trade turnover of the country’s oil and gas sector made up 6 billion manat ($3.5 billion), showing a decrease by 23.3 percent over the year.
Last year, almost 37.5 million tons of oil and gas condensate were produced in Azerbaijan, which is 3.2 percent less compared to 2018.
In 2018, over 38.7 million tons of oil and gas condensate were produced in Azerbaijan, which is approximately equal to the figures in the preceding year. The main volume of oil production in Azerbaijan accounted for Azeri-Chirag-Deepwater Gunashli (ACG) field.
(1 USD = 1.7 manat on June 2)
---
Follow the author on Twitter: @IsmailovaNargis