In January-November, Azerbaijan Reduced Oil and Condensate Production By 7.4%, and Increased Gas Production By 4.1%.
Oil production with gas condensate in Azerbaijan in January-November 2023 amounted to 27 million 695.4 thousand tons, which is 7.4% lower than the same period in 2022, the State Statistics Committee told the Interfax-Azerbaijan agency.
Including, the production of commercial oil with condensate amounted to 27 million 597.8 thousand tons (a decline of 7.5%).
Gas production in Azerbaijan in January-November 2023 amounted to 44 billion 221.1 million cubic meters (an increase of 4.1%). At the same time, commercial gas production amounted to 33 billion 146.8 million cubic meters (an increase of 4.3%).
In November, Azerbaijan produced over 2.6 million tons of oil (an increase of 4% from the November 2022 figure -IF) and 3.4 billion cubic meters of gas (an increase of 21.4% y/y -IF).
In 2022, oil and gas condensate production in Azerbaijan amounted to 32 million 667.7 thousand tons (a decrease of 5.5%), gas – 46 billion 743.3 million cubic meters (an increase of 6.6%). At the same time, commercial gas production amounted to 34 billion 958.3 million cubic meters (an increase of 7.3%).
