Azerbaijan produces 47% more oil, 20% more gas in Jan-Oct

The Azerbaijan International Operating Company (AIOC), which is developing the Azeri-Chirag-Gyuneshli blocs, produced 18.5 million tonnes of oil, which exceeded by 80.9% last year's output, a source at the State Statistics Committee told Interfax.

Azerbaijan produced 5.53 billion cubic meters of gas, a 20.2% rise, the source said. A higher AIOC production of casing-head gas was the main reason behind the surge. The company produced 1.97 billion cubic meters of gas, which was 80.9% higher than in January-October 2005. Interfax