Azerbaijan cuts oil production by 2.8% 

Agshin Rafigoglu
Author

During the first five months of 2022, Azerbaijan produced 13.9 million tons of oil (including condensate), 400,000 tons or 2.8% less than a year earlier, Report informs, citing the Energy Ministry.

Of this, 8.8 million tons were extracted from the Azeri-Chirag-Guneshli block of fields, 1.9 million tons (condensate) from Shah Deniz.

SOCAR produced 3.2 million tons of oil (including condensate) in the reporting period.

Other News

Incandescent light bulbs to be phased out in Azerbaijan 05 January, 2026 / 12:57
Azerbaijan extends deadline for obtaining permit for construction of solar power plant in Garadagh 05 January, 2026 / 12:47
Gas prices in Europe fall 3% 05 January, 2026 / 12:36
Oil prices continue to decline following events in Venezuela 05 January, 2026 / 10:51
Brent oil price down to $60 per barrel on London's ICE 05 January, 2026 / 08:14
More Venezuela-bound oil ships U-turn amid US blockade 03 January, 2026 / 15:38
Azeri Light crude drops to $64.12 per barrel 03 January, 2026 / 11:06
Average gas price on European market up 9% by 2025-end 01 January, 2026 / 15:59
Azerbaijani oil price continues rising 01 January, 2026 / 14:31
More than 54 bcm of gas supplied to Europe via TAP, energy minister says 31 December, 2025 / 10:57
Azerbaijani oil price edges up slightly 31 December, 2025 / 09:41
SOCAR Green, Milla Dairy sign rooftop solar power project deal 30 December, 2025 / 19:42
SOCAR opens 3 new gas stations in Romania ahead of holidays 30 December, 2025 / 17:20
Connection to power grid in Karabakh, Eastern Zangazur to be free for residential customers 30 December, 2025 / 17:01
Azerbaijan raises gasoline price by 5 gapiks from January 2026 30 December, 2025 / 16:48
Azerbaijan sets fixed tariffs for electricity and natural gas 30 December, 2025 / 15:01
SOCAR Polymer observes over 4% increase in export revenues 30 December, 2025 / 12:07
SOCAR's Marketing Department earns nearly $360 million from non-oil exports 30 December, 2025 / 10:54
Azerbaijan boosts revenues from urea exports by almost 45% 30 December, 2025 / 10:44
Azeri Light crude drops to $65.57 per barrel 30 December, 2025 / 10:25