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Azerbaijan produces roughly 12 million tons of crude oil and condensate

Oil&Gas Materials 15 April 2011 14:25 (UTC +04:00)

Azerbaijan, Baku, April 15 / Trend/

Azerbaijan produced approximately 12.04 million tons of oil and condensate in January-March 2011, or 1.8 percent less than in January-March 2010, the Azerbaijani State Statistics Committee said.

Of the total amount 10.26 million tons fell to private sector, which is less by 1.9 percent compared to the same period last year. Some 1.78 million tons of oil fell to the state sector, which is 1.6 percent less than in January-March 2010.

Azerbaijan produced 50.83 million tons of oil in 2010.

The main oil production fell to the Azeri-Chirag-Guneshli field and gas condensate to the Shah Deniz field, which are developed jointly with foreign partners.

Gas production totaled 6.33 billion cubic meters, which is 3 percent less than in January-March 2010. Some 4 billion cubic meters accounted for the commercial gas, which is 9.4 percent lower than the same period last year.

Roughly 26.23 billion cubic meters of gas were extracted last year in Azerbaijan. Roughly 16.67 billion fell to tank gas.

Azerbaijan produced over 5.63 billion kilowatt-hours of electricity in January-March, or 5.4 percent more than in January-March 2010.

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