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10:22 25 June
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Azerbaijan earned $125B from ACG fields block so far


The Azeri-Chirag-Gunashli (ACG) block of oil and gas fields so far has produced 3.3 billion barrels of crude oil, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said at the press conference.

 

According to him, $33 billion has been invested in this project so far. Azerbaijan earned $125 billion from this project.

 

He noted that Shahdeniz produced 89 billion cubic meters of natural gas and 22 billion tonnes of condensate so far.

 

According to him, the project is going on schedule: ‘Expenditures are expected to be less than planned budget’.

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