Azerbaijan to increase gas production by 8% this year - FORECAST

Azerbaijan to increase gas production by 8% this year -  FORECAST
  • Clock-gray 22:20
  • calendar-gray 11 February 2020

Some 38.4 bln. cubic meters of gas are expected to be produced in Azerbaijan this year which is 7.9% more as compared with the indicator of 2018, said Yashar Latifov, SOCAR’s vice-president for fields’ development, "APA-Economics" reports citing Reuters.

He said 36.5 mln. tons of oil will be produced in the country in 2020 which is 2.7% reduction in per year terms.

Besides, Y. Latifov said SOCAR is expected to produce 7.6 mln. tons of oil (1.3% reduction) and 7.2 bln. cubic meters of gas (5.9% growth) this year.

Emil Ismayilov

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