Azerbaijan January-May Oil Output -5.6% On Year At 20 Million Tons
First Published Tuesday, 14th June 2011 01:32 pm - © 2011 Dow Jones
MOSCOW -(Dow Jones)- Azerbaijan produced 20 million metric tons of crude oil in January to May, down 5.6% from the same period last year, the state statistics agency said Tuesday.
Azerbaijan's gas output over the five months fell 2.2% on the year to 10.7 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, email@example.com