Azerbaijan’s oil production up 2 pct
BAKU – Azerbaijan produced 38.5 million tons of oil in January-September 2010, 1.9 percent over the same period of last year, the government estimates.
The BP-operated consortium Azerbaijan International Operating Company (AIOC), which operates the Azeri-Chirag-Gunashli (ACG) fields in the Caspian Sea, extracted 32.2m tons of oil in this period. The production volume is 2.5 pct over the figure posted in the first nine months of 2009, the State Statistics Committee said.
The resource-rich South Caucasus republic extracted 50.3m tons of oil in 2009.
Azerbaijan’s gas output is on the rise as well. The country produced 19.9 billion cubic meters of gas in January-September, exceeding by 14.4 pct the production level reported for the same period of 2009, , the statistics committee reported.
AIOC produced 7.8bn cubic meters of gas in January-September 2010.
Azerbaijan extracted 23.5bn cubic meters in 2009.
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