Oil production in Azerbaijan in January-September 2016 amounted to 31 million 268.2 thousand tons, which is 0.3% less than the same period last year. This was in the monthly report of the State Statistics Committee of Azerbaijan.
According to the State Statistics Committee, the volume of commercial oil production in the country in January-September 2016 amounted to 31 million 221.9 thousand tons (decline by 0.3%).
Gas production in January-September 2016 was 22 billion 51.4 million cubic meters (3.8% growth). Output of marketable gas in the country during the reported period amounted to 13 billion 771.2 million cubic meters (1.6% decline).
In 2015, Azerbaijan's oil production, including gas condensate, amounted to 41 million 689 thousand tons, and the production of marketable gas was 19.72 bcm. -12D--
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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