[ad_1] Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Vaccination is expected to help defeat… Continue reading IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production
Tag: production
Azerbaijan’s electricity production rises 4%
[ad_1] Electricity production in Azerbaijan amounted to 1,980 million kWh in May 2021, Report informs referring to the Azerbaijani Energy Ministry. Exports made up 16 million kWh, imports 29 million kWh, In comparison with January-February last year, the electricity production in the republic in January-May 2021 amounted to 10,928 million kWh. During the reporting period,… Continue reading Azerbaijan’s electricity production rises 4%
Azerbaijan sees nearly 8% rise in marketable gas production
[ad_1] Azerbaijan produced 14,309,000 tons of crude oil, including gas condensate, in January-May 2021. Report informs citing the State Statistical Committee that marketable oil amounted to 14,282,000 tons of this volume, down 5.9% from the previous year. Oil production dropped 5.8% in comparison to a year earlier. In the reporting period, the country produced 17,000,300,000… Continue reading Azerbaijan sees nearly 8% rise in marketable gas production
Azerbaijan’s silver production rises by over 16%
[ad_1] In January-May 2021, Azerbaijan produced 1,444.6 kg of gold and 2,061.4 kg of silver, Report informs, citing the State Statistics Committee. Gold production increased by 0.8%, and silver production rose by 16.3% compared to the same month last year. As of June 1, the stocks of the finished products of gold amounted to 319.6… Continue reading Azerbaijan’s silver production rises by over 16%
Azerbaijan sees 12% growth in solar power production
[ad_1] The production in the sector of electric power, gas and steam production, distribution, and supply amounted to AZN 1,028.5 million in January-May 2021, up 0.1% from a year earlier, Report informs, citing the State Statistical Committee. Production in the water supply, waste treatment, and processing sector has risen by 2.2%, settling at AZN 156.1… Continue reading Azerbaijan sees 12% growth in solar power production
Azerbaijan posts 9% growth in diesel production
[ad_1] In January-May 2021, Azerbaijan produced petroleum products worth AZN 1,603.6 million, which is 3% more than a year ago, Report informs, referring to the State Statistical Committee. During the reporting period, 478,700 tons of gasoline, 1,016,600 tons of diesel fuel, 20,500 tons of lubricants, 92,200 tons of petroleum bitumen were produced. The gasoline production… Continue reading Azerbaijan posts 9% growth in diesel production
OPEC announces its forecast on Azerbaijan’s oil production
[ad_1] OPEC has increased its projections on the production of oil and liquid hydrocarbon in Azerbaijan in 2021 by 0.06 million barrels to 0.79 million barrels, up 0.03 million barrels from the indicator of May. Azerbaijan’s liquids supply in April was slightly up month-on-month by 0.01 mb/d to 0.77 mb/d. It is expected to have… Continue reading OPEC announces its forecast on Azerbaijan’s oil production