Azerbaijan produced and sold 258 million tons of profit oil within Contract of Century


May 31, Fineko/abc.az. As of 1 May Azerbaijan sold 258 million tons of profit oil from field block Azeri-Chirag-Guneshli (ACG).

First vice president of the State Oil Company of Azerbaijan (SOCAR) Khoshbaht Yusifzadeh has stated that profit oil accounted for 60% of entire ACG oil sold in the world market.

"Azerbaijan has been receiving profit oil for the last 19 years. Since the beginning of development (1997) and until 1 May 1 of 2018 it was extracted 455 million tons of oil and 145 bn cu m of gas from ACG," the vice president emphasized.