Last year, oil production drops, while gas extraction grew in Azerbaijan

16:35 - 17.01.2024


January 17, Fineko/abc.az. In 2023, Azerbaijan produced 30.189 million tons of oil (together with gas condensate), which is 7.5% less than in 2022, ABC.AZ was informed at the State Statistics Committee.

In addition, 30.8 million tons of commercial oil (together with condensate) were produced (decline: 7.6%).

In 2023, Azerbaijan produced 48.496 bcm of gas (a rise of 3.8%), 36.4 bcm of commercial gas (a rise of 4.2%).

In December, Azerbaijan produced more than 2.5 million tons of oil (decline of 10.7% versus December 2022) and 3.3 bcm of gas (a rise of 3.1%).