The total volume of oil produced from November 1997 to November 2016 from the block of fields Azeri-Chirag-Guneshli amounted to 412 million tons, said the First Vice President of SOCAR Khoshbakht Yusifzadeh.
“Out of this volume of oil 229 million tons accounted for the profit oil of Azerbaijan,” he said.
According to Yusifzadeh, 440 million tons of Azerbaijani oil was exported, including 310 million tons via the Baku-Tbilisi-Ceyhan pipeline.
* The ACG project partners are BP (35.78%, the operator), Chevron (11.27%), ExxonMobil (8%), Indian ONGC (2.72%), SOCAR (11.65%), Japanese Inpex Corp. (10.96%) and Itochu Oil (4.3%), Norwegian Statoil (8.56%), and Turkish TPAO (6.75%). -12D—
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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