BAKU, Azerbaijan, June 30. Azerbaijan produced
294,100 metric tons of petroleum coke, petroleum bitumen and other
petroleum product residues in the first five months of 2026.


This was reflected in the information from the State Statistical
Committee.


The figure was down 8,100 tons, or 2.7%, from the same period in
2025. As of June 1, inventories of those products stood at 61,600
tons nationwide.


During the January-May period, Azerbaijan produced 51,300 tons
of petroleum bitumen and 97,300 tons of petroleum coke. Compared
with the first five months of last year, petroleum bitumen output
fell by 36,300 tons, or 41.4%, while petroleum coke production
increased by 12,600 tons, or 14.9%.


The total value of oil products manufacturing in Azerbaijan
declined 5.2% year-on-year during the reporting period, reaching
2.03 billion manats ($1.19 billion).


A number of major projects are being implemented in Azerbaijan
to maintain oil production and increase it in the long-term
perspective. In particular, bp, the operator of the country's main
oil fields, is executing new investment programs to increase
production efficiency.







According to Gary Jones, bp’s Regional President for Azerbaijan,
Georgia, and Türkiye, the company continues to expand its
activities in the Azeri-Chirag-Gunashli (ACG) block of fields. He
stated that in order to maintain production at ACG over the long
term, new wells are being drilled, existing infrastructure is being
modernized, and innovative technologies are being applied.


"We continue our investments to ensure long-term production at
ACG. Drilling new wells, ensuring the reliable operation of
platforms, and implementing technological innovations are the main
directions of this strategy," the bp official stated.


The company also continues evaluation work at the
"Shafag-Asiman" prospective structure, as well as the development
project of the "Karabakh" field. Along with this, bp is expanding
its activities toward studying new geological structures in the
Caspian Sea and discovering additional hydrocarbon reserves.


The company emphasizes that the new projects serve not only to
compensate for the natural decline in current production but also
to preserve Azerbaijan's energy export potential in the long-term
perspective. The investment programs implemented by the company
hold significant importance in terms of ensuring sustainable
development in the country's oil and gas sector and strengthening
energy security.