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Azeri oil output down by 5.8pc to 38.7mn t in 2017

Published Updated

BAKU: Azerbaijan's oil and gas condensate output fell by 5.8 percent in 2017 to 38.688 million tonnes, state energy company SOCAR said on Tuesday.

Gas production fell to 28.597 billion cubic metres (bcm) from 29.367 bcm, the company said in a statement.

Azerbaijan for 2018 has forecast oil production at 37.534 million tonnes and gas production at 30.498 bcm.

 

Copyright Reuters, 2018

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