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Parviz Shahbazov: Thanks to the “Contract of the Century”, Azerbaijan received an income of $143 billion

19.09.2019,15:08


September 19, Fineko/abc.az. In connection with the 25th anniversary of the Contract of the Century, on September 19, a press conference was held in the Executive Secretariat of the New Azerbaijan Party.

Speaking at the conference, Minister of Energy Parviz Shahbazov noted that the Contract of the Century had exceptional merit in the socio-political life of Azerbaijan. As a result of this contract, the transportation of Caspian hydrocarbon resources to international markets has begun.

“To date, $ 36 million has been invested in the Azeri-Chirag-Guneshli (ACG) project. The term of the Century Contract with the participation of President Ilham Aliyev has been extended until 2049. Thanks to this project, Azerbaijan has so far received income of $ 143 billion. During this time, 492 million tons of oil and 161 billion cubic meters of gas have been produced. And over the past period of this year, the country produced 25.1 million tons of oil, exported 20.9 million tons. The daily oil production in the republic amounted to 765,000 barrels per day,” the minister emphasized.