Azerbaijan to Increase Light Oil Production in Jan-Oct
In January to October 2006 the Azerbaijan International Oil Company, which is involved in the development of the Azeri-Chirag-Gunashli fields produced 18,499 mln tons of oil from the contract area, or 8,339 mln tons more than 2005.
Rise in production is explained with the commencement of the oil production from West Azeri in January 2006 and in East Azeri in October 2006.
Over the first 10 months of 2006 the AIOC produced from the Chirag field 5,836 mln tons of oil against 5,834 mln tons of oil in January to October 2005. During this period the production from the Azeri field made up 12,663 mln tons against 4,331mln tons in 2005.
In October 2006 the total production by AIOC made up 2,162 mln tons against 1,146 mln tons in October 2005. In October 2006 oil production from the Chirag field made up 430,354 tons against 595,700 tons in October 2005. Production from Azeri field in October 2006 constituted 1,732 mln tons of oil against 865,040 tons in 2005.