Azerbaijan reports on February oil output

Mar 17, 2009 01:00 AM

Azerbaijan produced 3.786 mm tons of crude oil in February, up 4.4 % from January, Azerbaijan's state statistics agency said. That totals a daily average of 991,121 barrels for the month, up 6.3 % from January.
The BP-led consortium that operates Azerbaijan's Azeri-Chirag-Guneshli block in the Caspian Sea produced 3.1 mm tons for the month, up 6.9 % from January. State oil company SOCAR produced 686,740 tons in the month, 5.7 % lower than in January.

Last year, Azerbaijan produced 44.5 mm tons of crude oil, or 893,658 bpd.
Azeri officials forecast 2009 production to total 50 mm tons.

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