Bank Of Baku

Azerbaijan sees 5% decline in oil production

Azerbaijan sees 5% decline in oil production
# 13 May 2011 13:44 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan decreased the oil production by 2.9% during January-April, 2011, compared to a year ago.

SSC says 15.9 mln tons of oil and 8.4 bn cubic meters gas were produced in the country. Oil production decreased by 4.8% compared to a year ago, but gas production rose 42.4%.

Note that 51 mln tons of oil and 27 bn cubic meters gas were produced in Azerbaijan in 2010.
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