Bank Of Baku

Azerbaijan produced AZN 29Bn worth of oil and gas in 2023

Azerbaijan produced AZN 29Bn worth of oil and gas in 2023
# 14 September 2023 09:20 (UTC +04:00)

In January-August of this year, the total cost of production in the mining industry in Azerbaijan was 30,9 billion. AZN, which is 2% less compared to the corresponding period of last year, APA-Economics reports citing the State Statistics Committee.

The production of commercial crude oil, which is the main product of the field, was 20 147,6000 tons, while the production of commercial natural gas accounted for 24 142,3 million cubic meters.

"Production of commercial oil production decreased by 7,6% compared to the corresponding period of the previous year, while commercial gas production increased by 5,3%," - the information reads.

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