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Decrease in gas production in Azerbaijan in January 2018

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Oil production in Azerbaijan in January 2018 amounted to 3 million 360.7 thousand tons, which is 0.2% less than the same period last year.

According to the State Statistics Committee of Azerbaijan, the production of commercial oil amounted to 3 million 356.7 thousand tons (a decline of 0.25%).

In January 2018, Azerbaijan produced 2,486.8 mcm of gas (an increase of 0.7% compared to January 2017).

At the same time, production of marketable gas in the reported month amounted to 1,576.6 mcm (down 5.9%).

It should be noted that in Azerbaijan the decline in commercial gas volumes began in 2016. In 2017, the decline was 3% in the extraction of 18.157 bcm.

Due to the decline in the volumes of commodity gas, Azerbaijan was forced to import Turkmen gas from October 28, 2016, and also Russian gas from November 22, 2017.

In 2017, according to SOCAR, Azerbaijan imported 2.1 bcm of gas. Exactly the same volumes were the deliveries of Azerbaijani gas to Georgia over the past year.

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