Azerbaijan publishes 2017 oil production forecast

Predictive volume of oil production in Azerbaijan is set at 40 mln tons in 2017.

Report informs referring to the press service of the Ministry of Energy that according to the information, 32.3 million tons accounted for the Azerbaijan International Operating Company (AIOC) and "Shahdeniz" consortiums. Volume of production by SOCAR is projected at 7.7 mln tons this year.

Notably, oil production in Azerbaijan in 2016 amounted to 41.035 mln tons, including 31.02 mln tons accounted for AIOC (ACG block), 2.5 mln tons - "Shahdeniz", 7,5 mln tons -SOCAR.


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