Paşha Bank
Bank Of Baku

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

Key indicators of Azerbaijan
# 16 October 2026 11:48 (UTC +04:00)

In January-September of this year, the total value of production in Azerbaijan's mining industry amounted to 31,055.9 million manats, representing a 1.6% decrease year-on-year, APA-Economics reports, citing the monthly report of the State Statistical Committee.

According to the report, crude oil and natural gas production accounted for 27,576.2 million manats of the total, representing a 3.1% decrease year-on-year.

Production volume in the mining industry:

Name of activity types

Produced in January-September 2026, million manats

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

Mining industry

31,055.9

98.4

Crude oil and natural gas production

27 576.2

96.9

Mining of metal ores

888.1

147.9

Other sectors of the mining industry

159.7

86.0

Providing services to the mining industry

2 431.9

125.1

According to the data, during the reporting period, marketable oil production, the main product of the sector, amounted to 19,809.8 thousand tons, while marketable natural gas production reached 28,581.3 million cubic meters.

It is noted that marketable oil production decreased by 4%, while marketable natural gas production declined by 1.6% compared to the corresponding period of the previous year.

Key indicators of crude oil and natural gas production:

Product types

Produced between January and September 2026

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

Stock of finished products in warehouses of industrial enterprises as of 01.10.2026

Crude oil and natural gas production

Crude oil (including gas condensate), thousand tons

19 860.1

96.1

292.2

commodity from it

19 809.8

96.0

292.2

Natural gas, million cubic meters

37 521.3

99.3

-

commodity from it

28 581.3

98.4

-

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