Baku 23° C
Azerbaijan reveals volume of oil produced and exported from ACG and Shah Deniz
Energy
- 16 March, 2023
- 11:46
Add Report.az to preferred Google sources
Stay up to date with the top news!
Over 611 million tons of oil (including condensate) were extracted from the Azeri-Chirag-Gunashli (ACG), and Shah Deniz fields from the date of becoming operational till March 1, 2023, Report informs, citing the Ministry of Energy.
The ACG production made up 570 million tons of oil, while the Shah Deniz field produced 41 million tons of condensate.
During this period, 609 million tons of ACG and Shah Deniz oil (including condensate) were exported.
ACG is the largest oilfield in Azerbaijan. The first production sharing agreement (PSA) for the development of the oilfield was signed on September 20, 1994. On September 14, 2017, the agreement was extended until the end of 2049.
Author
AÇG və “Şahdəniz”dən hasil və ixrac edilən neftin həcmi açıqlanıb
Названы объемы добычи и экспорта нефти из АЧГ и “Шахдениз”
Latest News
16:07
EU wishes to mull results of Witkoff's talks with Putin
Other countries
16:05
Photo
Residents relocated to Azerbaijan's Karabakh get breeding cattle
Social security
16:01
Zelensky says he is ready to freeze conflict with Russia along front line
Other
15:55
Outages disrupt mobile networks of French operators
ICT
15:51
Azerenerji, World Bank review progress on AZURE project
Energy
15:47
Mirzoyan: Russian Railways' concession raises questions among Armenia's Western partners
Infrastructure
15:32
AzerGold established its first subsidiary in the foreign country
Industry
15:22
Mukhtorkhon Tashkhodjaev: Victories of Azerbaijani Paralympians inspire millions
Individual sports
15:10
L'Opinione: Baku Forum to become a leading platform for intercultural dialogue
Cultural policy