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Azeri Jan-Oct oil exports down 27.6 pct y/y -customs

Reuters - UK Focus

BAKU, Nov 16 (Reuters) - Azerbaijan exported 16.977 million tonnes of oil in the first ten months of this year, the state customs service said on Thursday, down from 17.024 million tonnes a year earlier.

"The reason for a decline in oil exports is a reduction in oil output at the Azeri, Chirag and Guneshli oilfields," a source at state energy company SOCAR told Reuters.

Natural gas exports rose to 5.649 billion cubic metres (bcm) from 4.983 bcm, the state customs service said.

Azerbaijan's oil production fell to 32.240 million tonnes in January-October from 34.718 million tonnes in the same period last year.

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Natural gas output fell to 23.637 bcm from 24.609 bcm.

Azerbaijan exports oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline from the Azeri, Chirag and Guneshli oilfields operated by BP.

It also exports oil via Russia, through the Baku-Novorossiisk pipeline and via Georgia by rail and through the Baku-Supsa pipeline.

Oil from Kazakhstan and Turkmenistan is also exported through the BTC. (Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by David Evans)