Azeri Oil, Natural-Gas Exports Fell in First Two Months of 2013

Azerbaijan exported less crude oil and natural gas in the first two months of the year as the Caspian Sea nation cut production.

Oil exports dropped 7.5 percent in January through February to 5.6 million metric tons from a year earlier, according to data published on the website of the State Customs Committee, based in the capital, Baku. Gas exports fell 4.7 percent to 1.36 billion cubic meters, it said.

Of the total oil exports, 80.4 percent was delivered via the BP Plc-led Baku-Tbilisi-Ceyhan pipeline, or BTC, connecting Azerbaijan’s Caspian Sea coast with Turkey’s Mediterranean port of Ceyhan via Georgia. BTC’s January-February exports fell 7.4 percent to 4.5 million tons from a year earlier, the data showed.

The largest oil producer in the former Soviet Union after Russia and Kazakhstan cut crude production 3.6 percent in the first two months to 7.2 million tons, the State Statistics Committee said on March 15. Output of marketable gas fell 5 percent to 2.9 billion cubic meters, it said.

Azerbaijan’s oil production fell for a second year in 2012 to 43 million tons. Output of marketable gas rose 5.4 percent to 17.2 billion cubic meters. The country exports gas to Russia, Turkey and Georgia.

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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