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Azerbaijan: Jan-Apr Oil Output 15.9 Million Tons, Down 4.6% On-Year

Published Monday, 16th May 2011 06:03 pm - © 2011 Dow Jones


MOSCOW -(Dow Jones)- Azerbaijan produced 15.9 million metric tons of crude oil in January to April, down 4.6% from the same period last year, Azerbaijan's state statistics agency said Monday.

Azerbaijan's gas output over the four months fell 4% on the year to 8.4 billion cubic meters.

The government expects total oil production in 2011 at 51.55 million tons, and gas production at 29.13 billion cubic meters.

The statistics agency didn't say how much the BP PLC (BP)-led consortium that operates Azerbaijan's Azeri-Chirag-Guneshli block in the Caspian Sea produced in the period.

Last year, Azerbaijan produced 51.5 million tons of crude oil, or 1.03 million barrels a day, and 27 billion cubic meters of gas.

-By Jacob Gronholt-Pedersen and Aida Sultanova, Dow Jones Newswires; +7 495 232-9197, jacob.pedersen@dowjones.com

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