Azerbaijan produces 288.5 mln tons of oil during past 7 years

Azerbaijan produces 288.5 mln tons of oil during past 7 years
# 17 September 2012 15:12 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan produced 288,464,700 tons of oil during past 7 years.

According to Ministry of Industry and Energy, maximum oil extraction in Azerbaijan, during the reporting period, made 50.1 mln tons (2010), minimum – 22.2 mln tons (2005).

Total volume of oil extraction by SOCAR made 61,817,300 tons. SOCAR’s maximum oil extraction stood at 9,543,300 tons in 2009, minimum – at 8,400,900 tons in 2011.

Remind that, Azerbaijan has signed 31 oil-0gas contracts with foreign companies. At present, 14 agreements are being implemented and 26 companies from 20 countries participate in these agreements. According to forecasts, the investing in Azerbaijan will make $60 bln.

Azerbaijan’s oil extraction during 2005-2011 (thousand tons)


Year

SOCAR

Total

2011

8,400.9

45,625.4

2010

8,459.7

50,795./5

2008

8,651.3

44,527.2

2009

9,543.3

50,419.3

2007

8,800.9

42,604.3

2006

8,993.8

32,273.0

2005

8,967.4

22,220.0

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