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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