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Key indicators of Azerbaijan’s oil and gas sector -TABLE

18 March 2026 16:53 (UTC +04:00)

In January–February of this year, the total value of production in Azerbaijan’s mining industry amounted to 5,207 million manats, increasing by 0.3% compared to the previous year, APA-Economics reports, citing the monthly report of the State Statistical Committee.

According to the report, of the mentioned total figure, 4,536.4 million manats accounted for crude oil and natural gas production, which represents a 0.8% decrease in an annual comparison.

Production volume in the mining industry:

Names of types of activity	Produced in January–February 2026, million manats	Compared to the same period of the previous year (at constant prices), percent
Mining industry	5 207	100.3
Crude oil and natural gas extraction	4 536.4	99.2
Metal ore extraction	157.2	135.2
Other sectors of the mining industry	32.6	91.4
Provision of services to the mining industry	480.8	120.2

According to the information, during the reporting period, commercial oil production, the main product of the sector, amounted to 4,331.9 thousand tons, while commercial natural gas production reached 6,496.8 million cubic meters.

It is noted that commercial oil production decreased by 3% compared to the previous year, while commercial gas production increased by 3%.

Main indicators for crude oil and natural gas production:

Product types	Produced in January–February 2026	Compared to the same period of the previous year, percent	Stock of finished goods in industrial enterprises as of March 1, 2026
Crude oil and natural gas extraction
Crude oil (including gas condensate), thousand tons	4 343.2	97	257.2
of which commercial	4 331.9	97	257.2
Natural gas, million cubic meters	8 187.9	102.3	-
of which commercial	6 496.8	103	-