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Tag: AÇG

The collapse of production at the largest oil block in Azerbaijan

In January-May 2021, 9.5 million tons of oil (70 million barrels) were produced from the Azeri-Chirag-Guneshli (ACG) bloc of fields, by 9.52% or 1 million…

Hungary’s oil and gas company increases income from ACG

Hungary’s MOL Group received $305 million in profit from Azeri-Chirag-Guneshli (ACG) block of fields, located in the Azerbaijani sector of the Caspian Sea, Report informs, citing the…

ACG is expected to produce 4 billion barrel of oil this year

Until April 1, 2021, 3 billion 923 million barrels of oil were extracted from the offshore block of the Azeri-Chirag-Guneshli fields since the start of…

Azerbaijan Oil Fund revenues from ACG and Shah Deniz blocks collapsed

Income to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah…

SOFAZ reveals revenues from ACG and Shah Deniz fields

The State Oil Fund of Azerbaijan (SOFAZ) has announced revenues from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields in the Azerbaijani sector of the Caspian…

Volumes of oil and condensate exports from ACG and Shah Deniz fields revealed

As of March 1, a total of 558.7 million tons of oil (including condensate) have been produced at the Azeri-Chirag-Guneshli (ACG) block of fields and…

Oil Production from ACG Block Decreased by 10.3% in 2020

Oil production at the Azeri-Chirag-Gunashli (ACG) block of fields in 2020 amounted to about 175 million barrels (23.6 million tons), BP-Azerbaijan reports As reported, in…

Oil Production from ACG in 2021 to Decrease by 3 Million Barrels

Oil production from the Azeri-Chirag-Guneshli (ACG) block of fields in 2021 will amount to 171.6 million barrels. This is noted in the conclusion of the…

Income of Oil Fund from ACG Project Noticeably Decreased

Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli (ACG) block and Shah Deniz…

Only 20% of Produced Associated Gas from ACG Converted into Marketable Gas in 2020

172 bcm of associated gas were produced from the Azeri-Chirag-Gunashli (ACG) oil block from the start of development until August 1, 2020. This was announced…

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