Azeri 11-Month Oil Output Falls 6.8%, Statistics Committee Says

Azerbaijan pumped less crude oil in the first 11 months of the year and increased production of marketable natural gas, the State Statistics Committee said.

The Caspian Sea nation cut oil production 6.8 percent to 39.4 million metric tons in January through November, the Baku- based committee said late yesterday on its website. No reason was given for the decline.

The BP Plc-led Caspian field of Azeri-Chirag-Guneshli, which accounted for 78 percent of total output last year, delivered 12 percent less oil in the first half, drawing criticism of the U.K producer by Azeri President Ilham Aliyev in October.

Azerbaijan also pumped 15.7 billion cubic meters of marketable gas from January to November, an increase of 6.3 percent from the year-earlier period, the Statistics Committee said.

The former Soviet republic exports gas to Russia, Georgia and Turkey.

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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