Azeri oil and gas production down in Q1
BAKU – Azerbaijan’s oil and gas production decreased in the first quarter of 2011 in comparison with the same period of last year, the country’s statistics body reported.
The resource-rich South Caucasus republic produced 12 million tons of oil and 6.3 billion cubic meters of gas in January-March, 2.4 percent and 3.1 percent less respectively than in the first quarter of 2010, the State Statistics Committee said.
The country extracted a total of 51m tons of oil and 27bn cubic meters of gas last year.
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