INCREASE AZERBAIJANI OIL PRODUCTION

19.08.2003 [13:18]
Print
A⁺ A^-

According to the State Statistics Committee, Oil production in Azerbaijan in the first seven months of 2003 was up 1.6% year-on-year to 8.973 million tonnes. The Azerbaijan International Operating Company (AIOC) produced 3.777 million tonnes, up 3.2%.

Azerbaijan produced 2.976 billion cubic meters (bcm) of gas, up 0.8%. This included 1.133 bcm of natural gas, up 4.2%, and 1.843 bcm of associated gas, 1.3% more than in the first seven months of last year.

Azerbaijan produced 1.352 million tonnes of fuel oil, which was 15.8% less than in the same period of last year. It produced 898,000 tonnes of diesel (down 3.6%), 375,600 tonnes of kerosene (down 0.1%) and 1,500 tonnes of bitumen coke (down 95.6%), but 401,800 tonnes of automobile gasoline (up 26.8%), 159,500 tonnes of industrial gasoline (up 12.7%) and 36,900 tonnes of petroleum bitumen (an increase of 57.7% year-on-year). Azerbaijan produced 15.335 million tonnes of oil and condensate in 2002, 2.9% more than in 2001. Gas production fell 7.1% to 5.143 billion cu m.

The energy ministry has set SOCAR, the State Oil Company of the Azerbaijani Republic, targets to produce tentatively 8.9 million tonnes of oil this year as a whole, compared with 8.94 million tonnes in 2002, and 4.15 bcm of gas, compared with 4.19 bcm.

The Azerbaijan International Operating Company (AIOC) has a target to produce 6.45 million tonnes of oil (6.38 million tonnes in 2002) and 890 million cubic meters of gas (958.8 mcm).

INCREASE AZERBAIJANI OIL PRODUCTION

FEEDBACK

Other news in this section