Bank Of Baku

Azerbaijan sees decline in oil sector

Azerbaijan sees decline in oil sector
# 11 October 2012 13:33 (UTC +04:00)
State Statistical Committee says production in non-oil sector grew by 7.7%, while production in oil sector dropped 5.6%.

76.4% of industrial production was in mining field, 18.3% – in processing sphere, 4.8% - in electricity, gas and steam production, distribution and supply section, 0.5% - in water supply, waste treatment and processing.

During 9 months, oil extraction made 32.8 mln tons, marketable natural gas – 12.8 bcm.
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