Bank Of Baku

Azerbaijan International Operation Company posts a 9.4% fall in oil output

Azerbaijan International Operation Company posts a 9.4% fall in oil output
# 03 March 2009 14:44 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. There was a 6.9% year-on-year drop in Azerbaijan’s extractive industry during January, said the State Statistical Committee.
BP-led Azerbaijan International Operation Company (AIOC) produced 2.9 million tons of oil and 979.2 million cubic meters of gas for sale during January. Oil output represents a 9.4% fall while gas production shows a 30.5% increase, said the top statistical body.
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