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Oil production down in half-year

18 July 2012 09:23 (UTC+04:00)
Oil production down in half-year

Azerbaijan extracted 22.16 million tons of crude oil and condensate in January-June 2012, or 6.8 percent less than in the first half of 2011, the state statistics body told Trend news agency.

In total, Azerbaijan produced 45.37 million tons of oil in 2011 compared to 50.83 million tons in 2010.

The Azeri-Chirag-Gunashli (ACG) oil fields and Shah Deniz gas condensate deposit in the Caspian Sea that are developed in cooperation with foreign partners produced most of the oil.

Gas production made up 8.84 billion cubic meters in January-June, or 8.2 percent more than in the same period of 2011.

About 26 billion cubic meters of gas were extracted in the country in 2011 compared to 26.23 billion cubic meters in 2010.

Azerbaijan generated 10.63 billion kilowatt-hours of electricity in the first six months of 2012, or 10.5 percent more than in the same period of 2011.

More than 20 billion kilowatt-hours of electricity were generated in 2011, 8.4 percent over 2010.

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