Bank Of Baku

Azerbaijan decreases oil and gas extraction

Azerbaijan decreases oil and gas extraction
# 18 January 2012 14:33 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Azerbaijan decreased oil and gas extraction during last year in comparison with 2010.

State Statistical Committee says 45.4 mln tons of oil and 25.7 bcm of gas were extracted during the same period, down 10.6% and 2% from 2010.

Note that, 50.8 mln tons of oil and 26.2 bcm of gas were extracted in 2010.

Azerbaijan intends to increase oil extraction within the next 4 years.
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