ACG oil production forecast for this year released

This year, oil production at the Azeri-Chirag-Gunashli block of fields in the Azerbaijani sector of the Caspian Sea is forecasted to be 123 million barrels, reads the Chamber of Accounts' conclusion on the State Oil Fund of Azerbaijan (SOFAZ) budget for 2025, Report informs.

This is 2.2 million barrels (1.7%) less than the forecast for 2024 and 9.7 million barrels (7.3%) less than the actual figure for 2023.