ACG block of fields accounts for 60% of oil produced in Azerbaijan

In January-August of this year, 20.3 million tons of oil (including condensate) were produced in Azerbaijan, said the operative data of the Ministry of Energy for January-August, Report informs.

This is 1.5 million tons, or 6.9%, less than the same period in 2022.

25.6% of the produced oil, or 5.2 million tons, fell to the share of the State Oil Company of Azerbaijan (SOCAR), 0.1 million tons, or 1.96%, more than in the same period of 2022.

As reported, 12.1 million tons of oil were extracted from the Azeri-Chirag-Guneshli (ACG) block of fields (-1.7 million tons, or 12.3%), and 2.9 million tons (condensate) from the Shah Deniz field (remained unchanged). .