From January to March 2016 Azerbaijan extracted 10.5 million tons of oil and condensate, said Azerbaijani Energy Minister Natig Aliyev at the enlarged session of the Cabinet of Ministers devoted to Azerbaijan’s socio-economic development in quarter 1, 2016 on Saturday.
He said that in quarter 1, 2016 oil production in Azerbaijan totaled 10.5 million tons against the forecast of 9.9 million tons.
According to the Azerbaijan State Statistical Committee, in quarter 1, 2015 Azerbaijan extracted 10,669,000 tons of oil and condensate. Thus, from January to March 2016 oil production decline constituted 1.58%.
“82% of oil and condensate was extracted from the Azeri-Chirag-Guneshli and Shah Deniz offshore fields (both fields developed by BP),” said Minister.
Aliyev also added that from January to March 2016 Azerbaijani oil export totaled 8.9 million tons.—0—
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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