As part of the development of the Azeri-Chirag-Gunashli (ACG) field more than 628 million tonnes of oil and 253 billion cubic metres of gas had been produced over 32 years, Azerbaijan’s Minister of Energy Parviz Shahbazov said.
SOCAR's share in Azeri-Chirag-Gunashli has grown to 35.3% following the purchase of Itochu's stake.
Azerbaijan's state oil company SOCAR has acquired Equinor’s shares in Azeri-Chirag-Gunashli (ACG), Karabakh fields and Baku-Tbilisi-Ceyhan (BTC) project, the SOCAR press service reported. A meeting was held on December 22 …
In mid-January, Azerbaijani and Saudi officials gathered in Baku to mark the start of construction on a 240MW wind power project. A deal had been signed for the $300m scheme, some 45km northwest of the capital, two years earlier. Not far …
Hungarian MOL Group said it has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57% stake in the Azeri-Chirag-Gunashli …
A new contract on the development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields is planned to be signed in a few days, said Azerbaijani President Ilham Aliyev, Trend reports. He made the remarks in Baku Sept. 6 at a …
The company notes a historical level of oil production at the Azeri field
