Bank Of Baku

Azerbaijan decreases production in mining sector

Azerbaijan decreases production in mining sector
# 23 August 2011 10:13 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The production in mining sector of Azerbaijan made AZN 13.7 bln during 7 months of 2011, down 5.2% from year earlier.

State Statistical Committee says crude oil extraction made 27 mln tons, gas extraction – 15.1 bcm, accordingly down 6.9% and 1.9% fro year ago.

Gold production fell 3.2%, silver – rose 45.3%.
Note that, AZN 18 bln-output was produced in industrial spheres of Azerbaijan during January-July, 2011, up 11.1% in comparison to a year earlier.
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