Baku 25° C
ACG to reduce production next year
Energy
- 06 December, 2021
- 06:48
The Azeri-Chirag-Guneshli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea is expected to produce 170.1 million barrels of oil in 2022, Report informs, citing the Opinion of the Chamber of Accounts of the Republic of Azerbaijan on the budget of the State Oil Fund of Azerbaijan for 2022.
According to the Chamber, this figure is 1.5 million barrels or 0.87% less than the forecast for 2021.
In 2020, the production made up 174.6 million barrels, which is 4.5 million or 2.58% lower than the forecast for the next year.
Author
Latest News
17:46
Spain and Morocco tighten border security amid migration fears
Other countries17:28
Death toll in IDF's strikes in Lebanon reaches 11
Other countries17:05
Beşiktaş parts ways with defender Felix Uduokhai
Football16:48
Poland holds its largest ever military parade
Other countries16:30
France, Germany, UK prepare their own format for Ukraine peace talks
Other countries16:23
6.8-magnitude earthquake strikes north of Indonesia's Sumatra
Other countries15:58
Lebanese PM on strikes: 'Israeli escalation is dangerous and undermines stability'
Other countries15:39
Ilham Zakiyev reaches final of Para Judo European Championships
Individual sports15:13