In January 2015 oil production in Azerbaijan totaled 3.7 million tons, reads the information posted on the web site of the State Statistical Committee.
In January 2014 oil production in Azerbaijan totaled 3.6 million tons. Therefore, in January 2015 oil production in the republic increased by 2.7%.
However, it is unclear how the oil production growth has been achieved, if in 2015 the government planned decline of oil production in the country by 1.3 million tons against last year (by 108,000 tons a month).
In January 2015 tank gas production in Azerbaijan totaled 1.8 billion cub.m. (growth by 12.5% against January 2014).
In 2014 oil production in Azerbaijan totaled 41.9 million tons, while tank gas – 18.7 billion cub.m.
In 2015 the Azerbaijani government forecasts oil production at 40,615,600 tons, while gas production (including tank gas) – 28,420,000,000 cub.m.—0—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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