Bloomberg News

Azerbaijan Exports of Oil, Natural Gas Decline in First-Half

July 16, 2012

Azerbaijan’s oil and natural gas exports fell in the first half of 2012 from a year earlier, Meri Amirova, a spokeswoman for the State Statistics Committee, said by e-mail today.

Oil exports declined 8.2 percent to 12.69 million metric tons while gas exports fell 17.3 percent to 2.5 billion cubic meters, Amirova said.

The third largest oil producer in the former Soviet Union decreased oil production 7.1 percent in the first half of the year to 22.2 million tons, the State Statistics Committee said last week.

Production of marketable gas rose 8.6 percent to 8.8 billion cubic meters, the committee said.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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