Baku: Azerbaijan’s oil and gas sector produced goods worth 17.7 billion manat in the first half of this year. This production is part of the country’s broader mining industry, whose total production value reached 19.3035 billion manats from January to June, as reported by APA-Economics. This represents a 2.8% decrease compared to the same period last year.
According to Azeri-Press News Agency, the extraction of crude oil and natural gas contributed significantly to this total, even though it saw a 2.7% year-on-year decline. The mining industry overall experienced a reduction, with its output measured at 19,303.5 million AZN, reflecting a 97.2% performance at constant prices compared to the previous year’s same period. Specifically, the crude oil and natural gas extraction sector’s output was recorded at 17,708.1 million AZN, equating to a 97.3% performance.
The report further highlights that the production of the sector’s primary commodities reached 13.7 million tons of marketable oil and 19.3 billion cubic meters of marketable natural gas in this timeframe. Marketable oil production saw a reduction of 5.3% compared to last year, whereas marketable gas production experienced a slight increase of 1.1%.
The statistical data outlines that crude oil production, including gas condensate, was 13,692 thousand tons, which is 94.7% compared to the same period in 2024, with a ready product stock of 236.7 thousand tons as of July 1, 2025. On the other hand, natural gas production was recorded at 24,988.9 million cubic meters, representing 99.6% compared to the January-June period of the previous year.