Sharp decline in Azerbaijani oil output in March 2018

Sharp decline in Azerbaijani oil output in March 2018 Azerbaijan produced 740,000 b/d of crude oil and 54,000 b/d of condensate, exported 629,600 b/d of crude oil, 54,000 b/d of condensate and 10,600 b/d of oil products in March 2018. According to Energy Ministry, average production by Azerbaijan made up 814,600 barrels of oil per day in January, 806,000 barrels in February in accordance with the agreement on keeping daily output at 834,000 barrels... Read More

Decline in SOCAR oil production in 2012

Decline in SOCAR oil production in 2012 The State Oil Company of Azerbaijan produced 8,241, million tons of oil in 2012. The statement came from sources in SOCAR.  Production made 706,638 tons in January, 660,942 tons in February, 660,900 tons in March, 684,300 tons in April, 700,900 tons in May, 678,500 tons in June, 700,900 tons in July, 701,800 tons , 680,100 tons in September, 705,113 tons in October, 683,200 tons in November, 679,200 tons in... Read More

CESD forecasts a slowdown in economic growth in Azerbaijan

CESD forecasts a slowdown in economic growth in Azerbaijan The Center for Economic and Social Development (CESD) has adjusted its previous forecast of 3.7 % GDP growth in 2012 to 2.1 % after finalizing CESD Surveys Results for the first 8 months of 2012. The center also forecasts 5.2 % growth in the non-oil sector while the Azerbaijan government still targets 9.0 % growth in 2011. CESD reports that the inflation rate in Azerbaijan is expected to be... Read More