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Tag: Oil production

Oil production in Azerbaijan grows, gas production decreases

Oil production in Azerbaijan in Q1 2018 amounted to 9 million 662.4 thousand tons, which is 2.2% higher than the index for the same period…

SOCAR published drilling, production and export figures for the first quarter of 2018

The Azerbaijan oil and gas production increased by 2.4% and 5.2% respectively in the first three months of the year. Positive dynamics in SOCAR’s production…

Azerbaijan produced 794,000 barrels/day oil in March

Ministry of Energy has submitted reports on daily oil production in Azerbaijan during March 2018, to the Joint Technical Commission of Joint Monitoring Committee of OPEC, in…

Azerbaijan reduced oil production by 1% in February

Azerbaijan presented to the joint technical commission of the OPEC monitoring committee data on daily oil production in the country in February 2018. According to…

Kazakhstan increased oil production by 9% in January-February

Kazakhstan produced 12.464 million tons of oil in January-February of 2018, which is 8.9% more compared to the same period last year, the statistical committee…

OPEC-US “war” will maintain oil prices at $ 60-75/bbl

In addition to the fact that the confrontation between the OPEC and the shale oil sector in the United States is the major issue in…

Decrease in gas production in Azerbaijan in January 2018

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…

Oil production falls in Azerbaijan so much for first time since 2012

Oil production in Azerbaijan in 2017 amounted to 38 million 688.9 thousand tons.  This is reported on the website of the State Oil Company of…

Kazakhstan produces more oil than OPEC+ quota

Kazakhstan breaks agreement between oil-producing states in the framework of OPEC+. The country sharply increased its production and has already overtaken Iraq, which had been…

Kazakhstan increases oil production due to Kashagan

Oil production in Kazakhstan is 86 million tons in 2017, Energy Minister Kanat Bozumbayev said. “The plan for production has been fulfilled, and there are…

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