The Azerbaijan State News Agency

ECONOMY

ACG accounts for 58 percent of oil production in Azerbaijan

15.01.2025 [15:37]
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Baku, January 15, AZERTAC

Oil production in Azerbaijan, including condensate, declined by 3.64% to 29.1 million tons over the past year. The Azeri-Chirag-Gunashli field contributed 16.8 million tons, Shah Deniz accounted for 4.2 million tons (condensate), and Absheron produced 0.6 million tons (condensate). SOCAR's oil output reached 7.5 million tons, including condensate.

Azerbaijan exported a total of 24.4 million tons of oil, including condensate. Of this, SOCAR's share was 2.8 million tons, and the Absheron field contributed 0.6 million tons. Oil production this year totaled 5.8 million tons, reflecting a decrease of 10.7% compared to 2023.

Daily oil production, including condensate, averaged 80,776 tons (609,000 barrels), with crude oil making up 65,987 tons (487,000 barrels) and condensate 14,789 tons (122,000 barrels).