Bank Of Baku

Azerbaijan posts an 13% rise in extractive industry

Azerbaijan posts an 13% rise in extractive industry
# 27 January 2010 16:01 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Azerbaijan’s extractive industry output increased by 12.5% year-on-year in 2009 to AZN 16.8 billion, said the State Statistical Committee.
According to the official data, Azerbaijan International Operating Company (AIOC), a BP-led consortium, produced 41.9 million tonnes of oil and 10.1 billion cubic meters of gas for sale.
The figures represent an increase of 16.8% and 9% respectively from a year ago.
Every four industrial worker is employed at extractive industry in the country.
Besides, 333 kilos of gold was sent for processing.
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