Minister: In spite of oil price decline, Azerbaijan’s economy very strong

Baku: In 2014, Azerbaijan produced 42 mln tons of oil and 34 mln tons were produced from ACG and Shahdeniz fields, said the Energy Minister of Azerbaijan Natig Aliyev at Azerbaijan Business Forum organized by CEIBC.

According to him, 29.6 bcm of gas was produced in the country: “Azerbaijan’s oil export made about 35 mln tons (most of this belongs to ACG)”.

Aliyev noted that 67.9% of oil exported from ports fell to share of Azerbaijan: “These figures are very high. In spite of oil price decline, Azerbaijan’s economy is very strong”.

SOURCE: Azeri Press News Agency