Azerbaijan’s State Oil Company Proposes Joint Gasification Project for Bulgarian City

In January-August 2024, oil and condensate production in Azerbaijan  totaled 19.3 million tons, a 4.9% decrease compared to the same period last year. According to the operational data from the Ministry of Energy for the first eight months of 2024, the Azeri-Chirag-Guneshli (ACG) block produced 11.1 million tons of oil (an 8.3% decrease), accounting for 57.5% of Azerbaijan’s total oil production.

Gas production in Azerbaijan for January-August 2024 reached 33 bcm, marking a 2.5% increase compared to the same period last year. According to the Ministry of Energy’s operational data, the “Shah Deniz” field produced 18.1 bcm of gas (a 2.8% increase), while the ACG block produced 8.7 bcm of associated gas (a 1.2% increase), and the “Absheron” field contributed 1.1 bcm of natural gas.

The daily production of oil and condensate in Azerbaijan for August was 76,045 tons, according to the Ministry of Energy - crude oil accounted for 64,870 tons (85.3%), and condensate for 11,175 tons (14.7%).

From January to August this year, 55% of all electricity produced in the Nakhchivan Autonomous Republic came from alternative and renewable energy sources.