Azerbaijan produced only 481 million tons of oil from ACG block


April 22, Fineko/abc.az. Since 1997 production from the beginning of development of oil & gas field block Azeri-Chirag-Gunashli (ACG) to 1 April 2019 totaled 481.1 million tons of oil and 156.2 bn cu m of gas.

The relevant statement was made by Energy Minister Parviz Shahbazov at the 4th SOCAR international forum "Downstream Caspian & Central Asia – Trade, Logistics, Oil Refining & Petrochemistry".

"In Q1 oil production amounted to 9.7 million tons and 6.9 million tons of them were produced at ACG. Besides, 3.2 bn cu m of gas was extracted from ACG," the minister said.