Oil production decreases in Azerbaijan


December 15, Fineko/abc.az. Azerbaijan’s oil production 35,413 tons of oil for the first 11 months of 2017 that is by 6.1% less than for the same term of 2016.

The volume of production of commercial oil in the country for Jan-Nov 2017 reached 35.3 million tons (a decline of 6.2%).

Total gas production in Azerbaijan over Jan-Nov of the year amounted to 26.05 bn cu m (fall of 3%), including 16.606 bn cu m of commodity gas (decline: 2.2%).

In 2016 oil production in Azerbaijan, including gas condensate, totaled 41.029 million tons and gas – 29.3 bn cu m.

The Azerbaijani government forecasts oil production for 2017 at the level of about 38.4 million tons and gas at 29 bn cu m.



Keywords: oil production