Bank Of Baku

Azerbaijan expects a 3% output increase in Azeri-Chirag-Guneshli

Azerbaijan expects a 3% output increase in Azeri-Chirag-Guneshli
# 26 February 2009 15:28 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The State Oil Fund of Azerbaijan (SOFAZ) has approved a 2009 output plan for Azeri-Chirag-Guneshli (ACG) group of fields in the Azerbaijan sector of the Caspian Sea.
According to Shahmar Movsumov, Executive Director of the SOFAZ, the fields are expected to produce 35 million tons of oil this year, compared to 34 million tons in 2008.
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