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Azerbaijan’s Jan-Oct oil production falls 1.8% yr/yr

Azerbaijan’s Jan-Oct oil production falls 1.8% yr/yr
13.11.2015 19:00
Azerbaijan’s crude oil production declined 1.8 percent in the first 10 months of 2015 from a year earlier period, according to a State Statistics Committee report.

The country pumped 6.2 percent more marketable natural gas during the period year on year, the report said. 

The committee didn’t give output figures for oil and natural gas.

Azerbaijan’s Jan-Oct industrial production rose 2.2 percent year on year.

The country’s oil production has declined since peaking at 51 million tons in 2010. Output fell to 42 million tons last year.

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