Bank Of Baku

Arif Valiyev: “Azerbaijan prolongs production period by reducing the oil production artificially” - PHOTO

Arif Valiyev: “Azerbaijan prolongs production period by reducing the oil production artificially” - <font color=red>PHOTO</font>
# 23 April 2012 10:14 (UTC +04:00)
Valiyev noted that gas production in the country during the same period made 4,572.6 mln cu m of gas, up 14.6% compared to last year.

In the coming 4 years, Azerbaijan intends to increase oil production.

As to gas forecasts, the production will made 28.280 bn cu m in 2012; 29.220 bn cu m in 2013; 29.540 bn cu m in 2014; 29.310 bn cu m in 2015 (down 0.8% from 2014).

Remind that, in 2011, Azerbaijan produced 45.4 mln tons of oil and 25.7 bn cu m of gas, down 10.6% and 2% compared to last year, respectively.

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