Azerbaijan

Azerbaijan Produced 445 Million Tons of Oil over Ten Years

According to statistics, over the past ten years Azerbaijan has produced almost 445 million tons of oil.

In Azerbaijan, in 2007-2016, 444.9 million tons of oil was produced, including condensate.

In 2016 compared with 2007, oil production in Azerbaijan increased by 1.3 times.

According to state statistics over the past 10 years, the volume of the oil GDP in Azerbaijan increased 1.5 times.

As previously reported, in 2016, oil production in Azerbaijan amounted slightly more than 41 million tons, which is 650 thousand tons less than in 2015. It should be noted that currently about 97% of crude oil accounts for offshore fields.