Accra:In the first nine months of 2026, Azerbaijan’s mining industry experienced a total production value of 31,055.9 million manats, marking a 1.6% decline compared to the same period last year.
According to Azeri-Press news agency, crude oil and natural gas production constituted 27,576.2 million manats of this total, which is a 3.1% decrease year-on-year. The mining of metal ores, however, saw a significant increase, with production reaching 888.1 million manats, a 47.9% rise compared to the previous year.
In terms of specific production volumes, marketable oil production during this period was 19,809.8 thousand tons, reflecting a 4% drop, and marketable natural gas production was 28,581.3 million cubic meters, a 1.6% decline from the previous year. These figures highlight the broader challenges faced by the sector, although certain areas within the industry, such as services to the mining industry, have shown growth, with a 25.1% increase.