Azerbaijan’s oil production down in February

March 19, 2014

In February oil production in Azerbaijan fell by 9.2% compared to January 2014, abc.az reported on March 18. Crude oil production by all producers in Azerbaijan totaled 51.009 million barrels for Jan-Feb of the year against 321.4 million barrels in 2013 and 320.667 million barrels in 2012, 338.467 million barrels in 2011, 379.224 million barrels in 2010, 375.807 million barrels in 2009 and 332.07 million barrels in 2008.

The State Statistics Committee reports that over Jan-Feb the country produced 6.837 million tons of oil that is 4.8% less than production for the 2013 same period. Oil stocks as of 1 March 2014 totaled 204,700 tons versus 175,900 tons a month earlier.

Copyright: abc.az, 2014