Azerbaijan, as well as the State Oil Company of Azerbaijan (SOCAR), observes start of gas production growth.
SOCAR reports that in July 2012 gas extraction by the Company reached 578.1 million cu m against 557.9 million cu m in June, 585.1 million cu m in May, 562.87 million cu m in April, 553.9 million cu m in March, 553.88 million cu m in February and 603.2 million cu m in January 2012 . In the first 7 months of the year gas extraction by the Company reached 3.99 bn cu m versus 7.08 bn cu m in 2011.
Country’s overall gas extraction in July amounted to 2.3 bn cu m against 2.207 bn cu m in June, 2.259 bn cu m in May, 2.057 bn cu m in April, 2.13 bn cu m in March, 2.12 bn cu m in February, and 2.416 bn cu m in January 2012. In the first 7 months of the year the country produced 15.5 bn cu m versus 25.75 bn cu m in 2011.
Peak gas production by SOCAR was recorded in 2009 – 7.75 bn cu m and by the country as a whole in 2010 – 26.349 bn cu m.
In 2011, peak production by the Company was registered in May when SOCAR extracted 609.7 million cu m and the country as a whole in October (2.26 bn cu m)./abc.az/