Azerbaijan Oil, Natural-Gas Exports Decline in January-October

Azerbaijan’s oil and natural-gas exports declined in the first 10 months from a year earlier following a slump in output, according to the State Statistics Committee.

Crude exports slumped 11 percent to 33.6 million metric tons, while gas exports fell 2 percent to 5.4 billion cubic meters, a State Statistics Committee official said today by phone from Baku, the Caspian nation’s capital, declining to be identified because of the agency’s policy.

Azerbaijan, the third-largest oil producer in the former Soviet Union, pumped 39 million tons of oil during the period, a 9 percent decline from a year earlier, and 21.6 billion cubic meters of gas, down 2.5 percent, the official said.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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