Bank Of Baku

Azerbaijan sees reduction in oil extraction

Azerbaijan sees reduction in oil extraction
# 30 July 2013 14:09 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. In the first half of 2013, oil extraction decreased, gas extraction rose in Azerbaijan.

 

State Statistical Committee says crude oil extraction made 21.8 mln tonnes, marketable gas – 8.9 bcm. Oil extraction dropped by 1.6%, gas extraction soared 0.3%.

 

Generally, the production in mining sector made AZN 12.5 bln, down 0.9% compared to a year earlier.

 

Note that the oil extraction for 2013 is forecasted to be 43.2 mln tonnes, gas extraction – 28.8 bcm.

 

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