Baku 18° C
Azerbaijan reveals volume of oil produced and exported from ACG and Shah Deniz
Energy
- 11 April, 2023
- 11:38
Add Report.az to preferred Google sources
Stay up to date with the top news!
Over 613 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 April 1, 2023, Report informs, citing the Ministry of Energy.
The ACG production made up 572 million tons of oil, while the Shah Deniz field produced 41 million tons of condensate.
During this period, 611 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
Обнародованы объемы добычи и экспорта нефти с АЧГ и “Шахдениз”
Latest News
22:16
US to release up to 400,000 barrels of oil from strategic reserve
Other countries
21:53
Devlet Bahçeli reaffirms unwavering support for Azerbaijan
Foreign policy
21:46
More than 40 flights cancelled in Netherlands due to severe storm
Other countries
21:29
Indian foreign minister visits Ateshgah Temple in Baku
Foreign policy
21:18
Netanyahu calls for Israel's economy to prepare for possible international sanctions
Economy
20:55
Photo
Azerbaijan assumes chairmanship of Turkic Investment Fund's Board of Governors
Economy
20:42
Three Azerbaijani boxers reach U-15 European Championship finals in Trabzon
Individual sports
20:35
Photo
Azerbaijan's culture and products showcased in Ashgabat to mark UN day
Region
19:56
Trump: US сould quickly end war with Iran or take all its oil
Other countries