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Azerbaijan reduced oil production by 4.1% in the first half of the year, gas production increased by 15%

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In January-June 2022, oil production with gas condensate in Azerbaijan amounted to 16 million 474.2 thousand tons, which is by 4.1% lower than the same period last year.

According to the State Statistics Committee of the Republic of Azerbaijan, during this period, the production of commercial oil with condensate amounted to 16 million 424.6 thousand tons (a decrease of 4.2%).

Over  six months of 2022, gas production in Azerbaijanamounted to 23 billion 416.1 mcm (an increase of 15%). At the same time, commercial gas production amounted to 17 billion 619.1 mcm (an increase of 17.5%).

In 2021, oil production with gas condensate in Azerbaijan amounted to 34 million 580.7 thousand tons (an increase of 0.1%), commercial gas – 32.5 bcm (an increase of 18.1%).

Caspian Barrel