Bank Of Baku

Azerbaijan posts an 11.1% rise in extractive industry

Azerbaijan posts an 11.1% rise in extractive industry
# 24 November 2009 13:13 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Azerbaijan’s extractive industry output increased by 11.1% year-on-year during January-October to AZN 13.3 billion, said the State Statistical Committee.

According to the official data, Azerbaijan International Operating Company (AIOC), a BP-led consortium, produced 35.2 million tonnes of oil and 8 243.6 billion cubic meters of gas for sale.

The figures represent an increase of 15.2% and 14.6% respectively from a year ago.

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

Besides, 204 kilos of gold was sent for processing.
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