In 2013 in average 655,370 barrels of oil a day or total of 239 million barrels (32.2 million tons a year) is extracted from the Chirag, Central Azeri, Eastern Azeri, Western Azeri and deep-water Guneshli platforms on the Azeri-Chirag-Guneshli (ACG) field, a source from the BP-Azerbaijan company (ACG operator) told Turan.
In 2012 234 million barrels or 32.9 million tons of oil was extracted on the ACG offshore bloc.
Therefore, during 2013 oil production on ACG dropped by 2.1%.
* The shares in ACG are distributed as following: BP - (35.8%), SOCAR (11.6%), Chevron (11.3%), Inpex (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Itochu (4.3%) and ONGC Videsh Ltd (OVL) (2.7%). –0--
Economics
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A partnership of Azerbaijani companies has submitted an application to participate in the Italian government’s international tender for strategic assets in Italy, Turan reports.
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It is expected that the average Azerbaijani family will allocate a larger portion of their budget to food in 2025, driven by rising social expenditures and increased wages.
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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