Since the commencement of development of the Azeri-Chirag-Guneshli (ACG) field till October 2013 318 million tons of oil was delivered to the world markets, Khoshbakht Yusifzada, First Vice-President of State Oil Company of Azerbaijan (SOCAR), said at the seminar “Days of Norway in Baku.”
He added that at present daily oil production on ACG totals 90,000-100,000 tons of oil and 35 million cub.m. of associated gas.
88.7 billion cub.m. of associated gas was extracted on ACG during the entire period of operation. Yusifzada also added that 230 million tons was transported via the Baku-Tbilisi-Ceyhan pipeline since beginning of production on ACG, 12 million tons via the Baku-Novorossiysk pipeline, 66 million tons via the Baku-Supsa oil pipeline and 20 million tons of oil by railway.
He also added that 165 million tons from the total volume of extracted oil was profitable oil of Azerbaijan.
* Production on ACG commenced on November 7, 1997.—0—
Economics
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