Bank Of Baku

Azerbaijan decreases production in oil and gas sector by 5%

Azerbaijan decreases production in oil and gas sector by 5%
# 14 March 2014 11:07 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In January-February, Azerbaijan produced AZN 5.4 bln products and services.

 

State Statistical Committee says 71.6% of industrial products belonged to mining sector. 6.8 mln tonnes of oil ad 3.1 bcm of gas have been produced.

 

Production in processing sector made 21.1%. Energy production, gas and steam production, distribution and supply made 6.7%, water supply and waste treatment and processing – 0.6%.

 

Production in non-oil sector rose 8.8%, in oil sector decline 4.8% compared to a year earlier. 93.1% of industrial production fell to share of goods (commodity), 6.9% - industrial services, 79.9% - to private sector.

 

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