OREANDA-NEWS. April 18, 2012. This March oil production in Azerbaijan grew by 8.7% compared to February of the year when it dropped by 9.5%.

This year crude oil production by all producers in Azerbaijan totaled 84.29 million barrels against 338.467 million barrels in 2011, 379.224 million barrels in 2010, 375.807 million barrels in 2009 and 332.07 million barrels in 2008.

The State Statistics Committee reports that for Jan-Mar 2012 the country was produced 11.298 million tons that is by 5.7% less than production for the 2011 same term. In January it was produced 3.9 million tons, in February 3.539 million tons, and in March 3.847 million tons.

In 2011 the country was produced 45.37 million tons of oil that is by 11.5% less than production for 2010. In December 2011 the country was produced 3.165 million tons, and the highest production level was recorded last year in March – 4.104 million tons.

In 2010 oil production amounted to 50.8 million tons of oil, including 4.5 million tons in August (the best index for 2010).