According to the Azerbaijan State Statistical Committee, during the first two months 2013 production of oil and condensate decreased by 3.6% or 300,000 tons (more than 2.2 million barrels) against the same period last year and totaled 7.2 million tons.
The oilmen managed to reduce the pace of oil production decline - in January and February 2012 the production decreased by 5.1% against the same period in 2011.
According to the Statistical Committee, during this period production of tank gas in the country totaled 2.9 billion cub.m., down 5% against January and February 2012.
According to the government’s forecast, this year Azerbaijan plans to produce 40,820,500 tons of oil and condensate and 28,822,700,000 cub.m. of gas (including technical gas, which is injected into the oil wells to maintain bed pressure).—0--
Economics
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
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