Bank Of Baku

Azerbaijan to produce 52 mln tonnes oil this year

Azerbaijan to produce 52 mln tonnes oil this year
# 07 July 2010 12:26 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan is forecasted to produce 52 mln tonnes oil this year, Azerbaijani Energy Minister Natig Aliyev told APA.

According to him Azerbaijan produces more 1 mln barrel per day. “Azerbaijan is expected to produce more 52 mln tonnes oil during the current year.”

He also noted that, Azerbaijan’s blue gas reserves are more 2 trillion cubic meters. “We produced 23.6 bln cubic meters gas last year. Presently, Azerbaijan conducts works in several prospective structures.”
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