Azerbaijan Oil, Natural-Gas Output Production Fell in January

Azerbaijan’s oil and natural-gas output fell in January from the same month last year, the State Statistics Committee said.

Oil output fell 3.8 percent in the period to 4.1 million metric tons (970,000 barrels a day), while gas production declined 11 percent to 2 billion cubic meters, the committee said on its website, without giving a reason for the change. The former Soviet republic pumped 51 million tons of oil and 27 billion cubic meters of gas last year.

Azerbaijan aims to double gas output by 2020, Deputy Energy and Industry Minister Natig Abbasov said yesterday in the capital Baku.

(Source: http://www.bloomberg.com/news/2011-02-16/azerbaijan-oil-natural-gas-output-production-fell-in-january.html)