Azerbaijan reveals data on oil output, exports from ACG and Shah Deniz fields

In 2024, 21 million tons of oil (including condensate) were produced at the Azeri-Chirag-Gunashli (ACG) fields block and Shah Deniz field, located in the Azerbaijani sector of the Caspian Sea, Report informs, citing Azerbaijan’s Energy Ministry.

Data shows that this is 1.2 million tons or 5.4 percent less than in 2023.

Last year, 16.8 million tons of oil were extracted from ACG, which is 1 million tons or 5.6% less year-on-year.

Also, 4.2 million tons of condensate were extracted from the Shah Deniz field during the reporting period, marking a decrease of 0.1 million tons or 2.3% ​​compared to the previous year.

Since the commissioning of Azeri-Chirag-Gunashli and Shah Deniz till January 1, 2025, nearly 650.2 million tons of oil (including condensate) have been produced from the fields.

Of that, 601.5 million tons of oil have been produced from Azeri-Chirag-Gunashli and 48.7 tons of condensate from Shah Deniz. During this period, 648.3 million tons of oil (including condensate) were exported.