Bank Of Baku

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

Key indicators of Azerbaijan
# 17 August 2026 16:11 (UTC +04:00)

In January-July of this year, the total value of production in Azerbaijan's mining industry amounted to AZN 23,490 million, remaining equal to the corresponding figure of the previous year, stated in the monthly report of the State Statistical Committee, APA-Economics reports.

According to the report, crude oil and natural gas production accounted for AZN 20,833.9 million of the total figure, which represents a 1.5% decrease year-on-year.

Volume of production in the mining industry:

Name of types of activities

Produced in January- July 2026 , million manats

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

Mining industry

23 490

100

Crude oil and natural gas production

20 833.9

98.5

Mining of metal ores

649.8

139.7

Other sectors of the mining industry

125.8

85.9

Providing services to the mining industry

880.5

129.3

According to the data, during the reporting period, marketable oil production, the sector's main product, amounted to 15,504.1 thousand tons, while marketable natural gas production amounted to 22,777.3 million cubic meters.

It is noted that marketable oil production decreased by 3.1% compared to the corresponding period of the previous year, while marketable gas production increased by 1%.

Key indicators for crude oil and natural gas production:

Product types

Produced between January and July 2026

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

01.0 .Stocks of finished products in warehouses of industrial enterprises as of 2026

Crude oil and natural gas production

Crude oil (including gas condensate), thousand tons

15 543.3

96.9

254.8

commodity from it

15 504.1

96.9

254.8

Natural gas, million cubic meters

29 565.8

101.1

-

commodity from it

22 777.3

101

-

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