Azerbaijan sold 291 million tons of profit oil so far - SOCAR

Thu 12 Dec 2019 08:26 GMT | 12:26 Local Time

Text size: bigger smaller

Some 291 million tons of profit oil have been produced in the Azerbaijani sector of the Caspian Sea at the Azeri-Chirag-Gunashli (ACG) oil and gas fields block by December 1 of this year, said first vice-president of SOCAR (State Oil Company of Azerbaijan), academician Khoshbakht Yusifzade.

“The ACG project participants have been receiving revenues from the profit oil for already 20 years. As of December 1, 2019, 291 million tons of Azerbaijan's profit oil has been sold in world markets, which accounts for more than 58.5 percent of total production,” he added.




Most read articles

More from Economy

In The Region

Editor's Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook

Real estate

Virtual karabakh