BAKU, Azerbaijan, April 8. Azerbaijan's Energy Ministry has announced the volume of production and export of liquid hydrocarbons from the country's key fields for the entire period of their exploitation under international contracts, Trend reports.
According to the Ministry of Energy, 588.9 million tons of oil were produced from the Azeri-Chirag-Guneshli (ACG) block of fields from November 1997 to April 1, 2024.
However, the total forecast reserves of ACG are estimated at a billion tons of oil.
"About 45.6 million tons of condensate were produced from the Shah Deniz field from December 2006 until April 1, 2024," the energy ministry said.
Overall, Shah Deniz condensate reserves may exceed 200–240 million tons in total.
Thus, a total of 634.5 million tons of liquid hydrocarbons have been extracted from these two largest international projects in Azerbaijan by the beginning of April 2024, of which 632.5 million tons were exported to world markets.
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