ACG production forecast for 2024 announced

The Azeri-Chirag-Guneshli (ACG) block of fields located in the Azerbaijani sector of the Caspian Sea is expected to produce 125.9 million barrels of oil in 2024, Report informs, citing the Accounting Chamber's opinion on the SOFAZ's 2024 budget.

According to the document, this is 7.7 million barrels, or 5.8%, less than the 2023 forecast and 27.2 million barrels, or 17.8%, less than the actual indicator of 2022.