Baku 23° C
Azerbaijan increases gas production 4 %
Energy
- 18 January, 2021
- 09:21
Add Report.az to preferred Google sources
Stay up to date with the top news!
Last year, the State Oil Company of Azerbaijan (SOCAR) produced 7.4 million tons of oil and 7.3 BCM of gas in the fields operated independently or as a major shareholder. Report informs referring to SOCAR.
It is noted that the upward trend in total gas production continued in Azerbaijan. Compared to 2019, gas production rose by about 4% to 37.1 BCM.
Oil production, in turn, decreased. During the year, Azerbaijan produced 34.5 million tons of crude oil. The decline in oil production was mainly due to voluntary restrictions imposed by the OPEC + agreement.
Author
Latest News
22:22
Papuashvili: Foreign funding transparency protects democracy and sovereignty
Foreign policy
22:05
US crude oil inventories fall by 8.6 million barrels
Other countries
21:38
Photo
Azerbaijani weightlifter Fuad Hasanov wins three medals at European Championships
Individual sports
21:17
Video
President Ilham Aliyev's social media accounts shared video on inauguration of Trans-Caspian Fiber-Optic Cable Line
Foreign policy
21:07
Photo
Baku hosted 7th CICA Summit, President Ilham Aliyev addressed the event - Updated
Foreign policy
21:00
Pakistan congratulates Azerbaijan on successful CICA summit
Foreign policy
20:37
Uzbek President Shavkat Mirziyoyev concludes working visit to Azerbaijan
Other countries
20:24
Azerbaijan's secular state model receives support on Turkish social media
Analytics
20:06
Photo
Sites of Memory of Western Azerbaijan: Kichik Mazra villagers subjected to massacre, deportation by Armenians
Domestic policy