BAKU, Azerbaijan, August 9. Azerbaijan produced nearly 16.9 million tons of oil (including condensate) from January through July 2024, up 4.52 percent compared to 17.7 million tons in the same period in 2023, Trend reports.
Data from the country's Energy Ministry shows that 9.7 million tons of this volume accounted for the Azeri-Chirag-Gunashli (ACG) field block, 2.5 million tons (condensate) - the Shah Deniz field, and 300,000 tons (condensate) - the Absheron field.
SOCAR's (State Oil Company of Azerbaijan) oil production (including condensate) amounted to 4.4 million tons.
During the reporting period, about 14.1 million tons of oil (including condensate) were exported. Of this volume, 12.2 million tons accounted for the consortium, and 1.9 million tons were SOCAR.
Over the course of seven months, the country processed 3.7 million tons of oil.
In July 2024, daily oil production (including condensate) was 80,589 tons, of which 65,681 tons were crude oil and 14,908 tons were condensate.
To note, Azerbaijan produced 30.2 million tons of oil (including condensate) in 2023.