Bank Of Baku

Azerbaijan to increase oil production by 24%, gas production by 36% in next 5 years

Azerbaijan to increase oil production by 24%, gas production by 36% in next 5 years
# 07 October 2010 10:03 (UTC +04:00)
According to new macro economic forecasts for 2011-2014, oil production is expected to be increased gradually.

Note that analogical tendency is expected for gas production as well.

 

2009 (fact)

2010

2011

2012

2013

2014

Oil production (thousand tons)

 

50 422.2

 

51 961.5

 

51 554.2

 

53 651.4

 

54 980

 

62 401.3

Qas production (mln. m3)

 

23 681.1

 

27 078.9

 

29 135.9

 

27 846.8

 

29 353.5

 

32 151.4

Marketable gas
(mln. m3)

 

17 063.4

 

17 637.7

 

18 179.2

 

18 179.2

 

18 179.2

 

18 179.2

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