New decline in oil industry and Growth in non-oil sector in Azerbaijan

New decline in oil industry and Growth in non-oil sector in Azerbaijan The State Statistics Committee of Azerbaijan reported that oil and gas industry declined by 1.7% in last 10 months of 2014 compared to the same period in previous year. Monthly decline has been observed in 2014. The highest declined was registered in January, 2014: energy sector declined 5.2 % in the first month compared to the same month of 2013. Meanwhile non-oil industry grew... Read More

Azerbaijan produces over 15 bn cubic meters of gas

Azerbaijan produces over 15 bn cubic meters of gas In January-November, Azerbaijan produced 15.7 bn cubic meters of marketable gas, according to the State Statistical Committee.  In 2011, Azerbaijan produced 25.7 bn cubic meters of gas. According to government forecasts, in 2012, the country is expected to produce 28.28 bn cubic meters of natural gas.  Read More