Bank Of Baku

Azerbaijan produced AZN 22.5 billion worth of oil and gas this year -TABLE

Azerbaijan produced AZN 22.5 billion worth of oil and gas this year -TABLE
# 15 August 2025 15:23 (UTC +04:00)

In January–July of this year, the total value of production in the mining industry in Azerbaijan amounted to 22,520.9 billion manats, which is 3.3% less compared to the corresponding period of the previous year, APA-Economics reports citing the monthly report of the State Statistical Committee.

According to the report, out of the mentioned total indicator, AZN 20,629 million accounted for crude oil and natural gas production, which is 3.2% less in an annual comparison.

The volume of production in the mining industry:

 

Name of activity types

Produced in January-July 2025, million manats

Compared to the same period of the previous year (at constant prices), in percent

Mining industry

22 520.9

96.7

Crude oil and natural gas production

20 629

96.8

Mining of metal ores

360.9

164.9

Other sectors of the mining industry

121

113.8

Providing services to the mining industry

1 410

84

According to the information, during the reporting period, commodity crude oil production amounted to 15,996.9 thousand tons, and commodity natural gas production totaled 22,551 million cubic meters.

It is noted that commodity crude oil production decreased by 5.4% compared to the corresponding period of the previous year, while commodity gas production increased by 0.2%.

Key indicators of crude oil and natural gas production:

 

Product types

Produced between January and July 2025

Compared to the same period of the previous year, in percentage

Finished product inventory as of 01.08.2025

Crude oil and natural gas production

Crude oil (including gas condensate), thousand tons

16,033.7

94.6

248.7

commodity from it

15 996.9

94.6

248.7

Natural gas, million cubic meters

29 246.1

99.3

-

commodity from it

22 551.0

100.2

-

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