Bank Of Baku

Azerbaijan sees 5% decline in mining sector production

Azerbaijan sees 5% decline in mining sector production
# 29 June 2012 09:36 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Mining sector production in Azerbaijan made AZN 11.6 bln in January-May, 2012, down 5.4% compared with a year ago.

State Statistical Committee says crude oil extraction made 18.5 mln tons, marketable natural gas – 7.4 bcm. Gas extraction rose 8.5%, oil extraction decreased by 6.9%.

At the same time the entrepreneurs produced 12,600 tons of bentonite, 164,400 tons of construction sand, 130,900 tons of limestone, 515.8 kg of gold, 341.6 kg of silver and etc during the same period.
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