Bank Of Baku

Azerbaijan posts an 8% rise in extractive industry

Azerbaijan posts an 8% rise in extractive industry
# 23 October 2009 14:29 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Azerbaijan’s extractive industry output increased by 7.8% year-on-year during January-September, said the State Statistical Committee.

According to the official data, Azerbaijan International Operating Company (AIOC), a BP-led consortium, produced 31.5 million tonnes of oil and 7 403.2 billion cubic meters of gas for sale.

The figures represent an increase of 10.7% and 16.4% respectively from a year ago.

Every four industrial worker is employed at extractive industry in the country.

Average monthly salary increased by 22.8% to AZN 1 021.6 in extractive industry.
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