Bank Of Baku

Azerbaijan increased gas production and reduced oil production last year

Azerbaijan increased gas production and reduced oil production last year
# 18 January 2021 12:51 (UTC +04:00)

Azerbaijan produced 37,1 billion cubic meters of gas last year, which is 4% more than the figure of 2019, SOCAR told APA.

During the reporting period, oil production decreased. During the year, Azerbaijan produced 34.5 million tons of crude oil.

“The decline in oil production was mainly due to voluntary restrictions imposed as a result of the OPEC + agreement,” SOCAR said.

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