The Caspian Sea nation produced 18.5 million metric tons of marketable oil, down 7.5 percent from a year earlier, the State Statistics Committee said on its website today, without giving a reason for the decline. Production of marketable gas grew 8.5 percent to 7.4 billion cubic meters, it said.
State Oil Co. of Azerbaijan earlier attributed lower oil output to increased safety measures at the BP Plc-led Azeri- Chirag-Guneshli field after the Gulf of Mexico oil spill.
The value of the production from the Azerbaijan oil and gas industry slid 5.1 percent in the five months, the committee said. The country produced 45.6 million tons of oil and 25.8 billion cubic meters of gas last year, down from 50.8 million tons and 26.3 billion cubic meters of gas a year before.
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