Caspian Energy Journal Caspian European Club
Thursday, 30 May 2019 11:00

485 million tonnes of oil produced at ACG

485 million tonnes of oil produced at ACG

“To date, a total of 485 million tonnes of oil and 158 billion cubic meters of gas have been produced at Azeri-Chirag-Guneshli field”, Minister of Energy of Azerbaijan Parviz Shahbazov has said today at the Caspian Oil&Gas conference,  Caspian Energy News ( reports with reference to

“$36 billion has been invested into ACG so far. Over the last 23 years, about $263billion was invested into the country’s economy. Of this sum, $100.6 billion accounts for the oil sector”, the Minister said. Gas production in Azerbaijan will exceed 40 bcm in 2020, mainly through production increase at Shah Deniz field. 

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Person in charge of the newsline: Fidan Isayeva

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