Oil production decreased, gas increased in Azerbaijan

Oil production decreased, gas increased in Azerbaijan
  • Clock-gray 16:35
  • calendar-gray 12 July 2019

In January-June of this year, Azerbaijan decreased the production of crude oil, but commodity gas production has been increased.

According to the APA-Economics calculations, based on the indicators of the State Statistical Committee, crude oil production has been 18,76 mln\t in January-June of this year in Azerbaijan. Thus it's less by 3% in comparison to the corresponding period of 2018.

Note that major part of oil, produced in Azerbaijan falls in the share of “Azeri-Chirag-Gunashli” fields block. Production has been halted due to planned repair works in “Central Azeri” platform of Azeri-Chirag-Gunashli block in April of the current year and it led to falling in oil production of the country.

Additionally, about 12 bln. c\m commodity gas has been produced in Azerbaijan in January-June of 2019, and this indicator is more by 35% in comparison to the corresponding period of 2018.

Boost in gas production is related to realization of the second stage of “Shahdeniz” field.

Emil Ismayilov

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