Baku 25° C
ACG forecasts production figures in 2018
Energy
- 29 December, 2017
- 09:23
Baku. 29 December. REPORT.AZ/ The volume of crude oil production from Azeri-Chirag-Gunashli (ACG) fields block, located in Azerbaijani sector of the Caspian Sea, is predicted to be 28 mln tonnes (204.4 mln barrels) in 2018.
Report informs, due to decline in production, this figure is less by 7.3 mln barrels or 3.45% compared to this year (211.7 mln barrels) .
Notably, production volume from ACG in 2016 was over 31.1 mln tonnes or 230 mln barrels. 22 mln tonnes of oil produced from ACG block in 9 months of 2017.
Author
Latest News
22:23
Azerbaijan forecasts 2.7% economic growth in 2027
Finance22:17
SOFAZ to provide 30.3% of Azerbaijan's 2027 budget revenues
Finance21:57
Azerbaijan projects 2027 consolidated budget revenues at 47.6 billion manats
Finance21:49
Non-oil sector to provide 60.5% of Azerbaijan's 2027 budget revenues
Finance21:27
Azerbaijan sets 2027 budget oil price at $65 per barrel
Finance21:23
Death toll from Nepal landslide rises to 1,403
Other countries21:13
Netherlands invests $60.1 million in Azerbaijan in January-June
Finance20:54
Kyiv calls on Russia to show readiness for energy de-escalation
Other countries20:46