From January to August 2013 oil production in Azerbaijan totaled 29.1 million tons. Therefore, from January to August 2014 oil production in the republic dropped by 1.7%.
During this period in 2014 tank gas production in Azerbaijan totaled 12.3 billion cub.m. Gas production increased by 5.1% against the same period last year.
In 2013 oil production totaled 43.5 million tons, while tank gas production -17.9 billion cub.m.
According to SOCAR’s forecasts, in 2014 total oil production in Azerbaijan is forecast to be 41.2 million tons, gas (including tank gas) – 28.8 billion cub.m.