Baku 13° C
Azerbaijan posts 6% increase in oil production
Energy
- 14 October, 2021
- 14:03
Azerbaijan has produced nearly 8.7 million tons of oil and over 11.3 billion cubic meters of gas in Q3, 2021.
Report informs, citing the State Oil Company of Azerbaijan (SOCAR), that oil production has grown by 6%, and gas extraction rose by 38.6% from the same period last year.
The growth in oil production was mainly linked to a relative softening of restrictions on production as part of the OPEC+ deal.
Author
Latest News
12:44
Ilham Aliyev criticizes European Parliament
Foreign policy12:34
Zelenskyy hopes for lasting peace between Armenia, Azerbaijan
Other countries12:32
Photo
WUF13 Festival begins in Gabala
Infrastructure12:30
Azerbaijan has exported 12,000 tons of oil products to Armenia, President Aliyev says
Foreign policy12:23
Ilham Aliyev: Peace between Azerbaijan and Armenia is a reality
Foreign policy12:17
Photo
Azerbaijan represented at Caucasus Investment Forum
Economy12:04
Pashinyan says he hopes to visit Baku in 2028
Foreign policy12:01
Pashinyan: EPC format important for peace between Armenia and Azerbaijan
Foreign policy11:59
Photo