In 2013 first time in past several years Azerbaijan’s oil industry had positive results.
According to the Azerbaijan State Statistical Committee, in 2013 oil and gas industry increased by 1.1%. In 2012 oil and gas industry declined by 4.2% against 2011.
The oil and gas industry started declining in Azerbaijan since 2011.
In 2013 oil and gas industry had positive results, first of all at the expense of resumption of oil production growth.
In 2013 oil production in Azerbaijan totaled 43.1 million tons, up 0.3% against 2012 (42,895 million tons with the production decline by 5.3%).
Last year gas production totaled 17.9 billion cub.m., up 3.8% against 2012 (17,240 billion cub.m. with the growth by 5.4%).—0—
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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