Azerbaijan plans to raise 2010 oil output to 50 mm tons

Oct 08, 2009 02:00 AM

Azerbaijan plans to slightly boost its annual oil production to about 50 mm tons in 2010 from 48 mm tons planned for this year, an official at Azerbaijan's state oil company SOCAR said.
Murat Heydarov, an advisor to the company's president, said at an oil and gas conference in Almaty, Kazakhstan, that Azerbaijan plans to produce 27 bn cm of natural gas next year. Of that, between 16 bn and 18 bn cm will be sold to customers and the rest would be reinjected back into wells.

Azerbaijan produced 25 bn cm of natural gas last year and this year's output is expected at 27 bn, Heydarov said.
He said that Azerbaijan's natural gas export next year will remain flat at around 8 bn or 9 bn cm.

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