Bank Of Baku

Decrease of oil production continues in Azerbaijan

Decrease of oil production continues in Azerbaijan
# 16 June 2011 10:06 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan decreased oil production in January-May, 2011, meanwhile it increased gas production.

SSC says during first 5 month of 2011, 20 mln tons of oil (down 5.2% from a year ago) and 10.7 bn cubic meters of gas (up 48.6% from a year ago) was produced in the country.

“Despite decrease of oil production, during January-May of 2011, oil production in the country soared 4.45 compared to previous year”, told the committee.

In general, the production in mining sector dropped 3.6% from a year ago.
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