Azerbaijan oil output shrinks

Azerbaijan oil output shrinks
# 23 April 2009 15:45 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s oil output contracted by 2.1% year-on-year during the first quarter after oil prices plunged on world markets, said the State Statistical Committee.

However, a 13.7% increase in non-oil sector added value provided for a 4.1% rise in GDP to AZN 6.7 billion during January-March.

GDP per capita increased by 2.9% year-on-year to AZN 782 ($971.5).
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