BAKU, Azerbaijan, April 17. Azerbaijan produced a total of 29 million tons of oil (alongside gas condensate) last year.
Data obtained by Trend from the Ministry of Energy’s 2024 activity report shows that 7.8 million tons of the oil production were forecasted for the State Oil Company of Azerbaijan (SOCAR), and 17 million tons - for the Azeri-Chirag-Gunashli (ACG) field.
Actual production fell short of these forecasts by 300,000 tons and 200,000 tons, respectively. SOCAR's oil production in 2024 reached 7.5 million tons, and production at the ACG field stood at 16.8 million tons.
SOCAR's oil production decreased by 3.2 percent year-on-year, and production at the ACG field decreased by 5.7 percent.
