Azerbaijan increases oil production at ACG block in 2013

February 6, 2014

Some 32.72 million tons of oil was produced at Azeri-Chirag-Guneshli oil and gas fields' block in the Azerbaijani sector of the Caspian Sea in 2013 compared to the expected 30.62 million tons, according to an article of Azerbaijani Energy Minister Natig Aliyev published in the Azerbaijan newspaper on February 5, Trend has reported.

The largest volume of oil produced in Azerbaijan falls to the Azeri-Chirag-Guneshli block. The proven oil reserves amount to nearly one billion tons.

The indicated results were achieved thanks to measures taken by the partners in 2013 to stabilise the production volume at the block.

Aliyev pointed out that in total, 43.2 million tons of oil was produced in the country in 2013 compared to the forecasted 41.1 million tons.

Additionally, around 29.2 billion cubic meters of gas was produced in Azerbaijan in 2013 compared to the expected 27.5 billion cubic meters, according to the article.

Copyright: Trend, 2014