Azerbaijan's oil and gas output expected to rise in 2013
Azerbaijan is expected to produce 43.2 million tons of oil and 28.8 billion cubic meters of natural gas next year, according to the draft state and consolidated budgets for 2013 and the next three years, the Ministry of Finance said.
Oil production in the country is predicted to increase 0.7 percent compared to the end of 2012 when it will be at 42.9 million tons, and is to decrease 5.26 percent in comparison with the 2011 figure (45.6 million tons).
Gas production will exceed the forecast for 2012 (27.1 billion cubic meters) by 6.27 percent and the 2011 figure by 12.06 percent (25.7 billion cubic meters).
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!