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Azerbaijan sees decline in crude oil production

17 October 2016 16:05 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. In January-September 2016, Azerbaijan produced AZN 15.1 billion-products in the mining sector of industry, up 0.3% from previous year.

State Statistical Committee told APA-Economics that the crude oil production made 31.2 million tonnes, marketable gas production – 13.8 bcm.

In January-September 2016, 31,268,200 tonnes of crude oil (including gas condensate) were produced in the country, down 0.3% compared to the four months of previous year. Consequently, the finished product made 31,221,900 tonnes, which is 0.3% lower than previous year.

During the reporting period, 22,051,400 cubic meters of gas were produced in the country, up 3.8% from 2015. Finished product stood at 1,097,100 cubic meters.

Of this, 13,771,200 cubic meters are marketable gas, down 1.6% compared to 2015