BP and its partners in the Azeri–Chirag–Gunashli project invested just over $1 billion in developing the field complex during the first half of 2026, increasing capital expenditure by nearly a third as average daily oil production edged lower. ACG produced about 59 million barrels, or 8 million tonnes, of oil from January through June. Average production stood at 323,000 barrels per day, compared with 327,000 barrels per day in the...

Please login or subscribe to read more

Leave a review

Express analysis

Follow us on social networks

In Focus