Bank Of Baku

Ministry: “Forecast on oil production in Azerbaijan has been overfulfilled by 1 mln tonnes”

Ministry: “Forecast on oil production in Azerbaijan has been overfulfilled by 1 mln tonnes”
# 25 February 2015 11:14 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. Against the forecast of 41,184,600 tonnes of oil, Azerbaijan produced 42,160,700 tonnes of oil in 2014, APA-Economics reports quoting report of the Energy Ministry on outcomes of 2014.

 

According to report, 31,436,700 tonnes of oil were produced by ACG (forecast – 30,614,500 tonnes), 2324,000 tonnes by Shahdeniz (condensate) (forecast - 2,270,100 tonnes), 8,400,000 tonnes by SOCAR (forecast - 8,300,000 tonnes).

 

3,080,700 tonnes (forecast - 3,476,000 tonnes) of ACG-produced oil were produced in Chirag, 2,486,000 tonnes (forecast – 161,000 tones) in Western Chirag, 7,735,000 tonnes (forecast - 6,310,000 tonnes) in Central Azeri, 7,341,000 tonnes (forecast – 8,800,000 tonnes) in West Azeri, 3,638,000 tonnes (forecast – 6,347,500 tonnes) in East Azeri, 7,156,000 tonnes (forecast – 5,520,000 tonnes) in Deepwater Gunashli.

 

SOCAR’s production exceeded forecast 100,000 tonnes, ACG – 822,200 tonnes and Shahdeniz (condensate) – 53,900 tonnes.

 

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