Azerbaijan produced AZN 42 bln worth of oil and gas in 2023

Azerbaijan produced AZN 42 bln worth of oil and gas in 2023
# 17 January 2024 13:12 (UTC +04:00)

Last year, the total value of production in the mining industry in Azerbaijan was AZN 44,919.8 million, which decreased by 2.5% in comparison with the indicator of 2022, APA-Economics reports citing the monthly report of State Statistics Committee.

According to the report, the share of crude oil and natural gas production was AZN 41,982.9 million of the said total indicator, which is 2.4% less in yearly comparison.

During the reporting period, production of commercial oil production, which is the main product of the field, was 30 083,1 thousand tons, while production of commercial natural gas production was 36 413,8 mln. cubic meters.

"Production of commercial oil production decreased by 7,6% in yearly comparison, while commercial gas production increased by 4,2%," - the report reads.

Note that during the reporting period, a total of 30 189,6 thousand tons of oil (7,5% decrease) and 48 496,7 mln cubic meters of gas (3,8% increase) were produced in Azerbaijan.

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