In august 2013 oil production went up in Azerbaijan

During the first 9 months, 2013 Azerbaijan extracted 32.5 million tons of oil and condensate, reads the report of the Azerbaijan State Statistical Committee.

Oil production dropped by 0.91% or by 300,000 tons against the same period in 2012.

Table of oil production in Azerbaijan in 2013

MonthsVolume (thousand tons)
January
3792,2
February
3393,0
March
3594,0
April
3521,8
May
3815,9
June
3687,0
July
3668,3
August
3643,1
September
3384,7 (Turan’s calculation)
Total
32500,0

As one can see from the table, this year the oil production peak in Azerbaijan fell to May, when over 3.8 million tons or 911,000 barrels of oil a day was produced. Since that time oil production started declining rapidly. Since early year oil production in Azerbaijan went down by 1,098.9 tons a day or by 8,100 barrels. However, in September 2013 the average oil production in the country decreased by 8.3% against May and totaled about 835,000 barrels.

During 2012 oil production in Azerbaijan totaled 42.9 million tons, down 2.7 million tons against 2011.

A year ago the government submitted the draft of state budget for fiscal year 2013 for approval of parliament, when they planned that oil production will total 43.2 million tons. However, the results of three quarters show that this year 42.5-42.6 million tons of oil could be extracted at best.--0—

 

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