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Monday, November 20, 2006

Azerbaijan produces 47% more oil, 20% more gas in January-October

BAKU. Nov 20 (Interfax) - Oil production in Azerbaijan grew 47% to over 26 million tonnes in January-October 2006, a source at the State Statistics Committee told Interfax. The Azerbaijan International Operating Company (AIOC), which is developing the Azeri-Chirag-Gyuneshli blocs, produced 18.5 million tonnes of oil, which exceeded by 80.9% last year's output. Azerbaijan produced 5.53 billion cubic meters of gas, a 20.2% rise, the source said. A higher AIOC production of casing-head gas was the main reason behind the surge. The company produced 1.97 billion cubic meters of gas, which was 80.9% higher than in January-October 2005.

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