BAKU, Azerbaijan, July 14. Since the launch of Azerbaijan’s largest energy projects, the "Azeri-Chirag-Gunashli" and "Shah Deniz" fields, about 660.1 million tons of oil (including condensate) and 487.1 billion cubic meters of natural gas have been extracted as of July 1, 2025.
Data obtained by Trend from the Ministry of Energy indicates that 658.1 million tons of oil and 180.2 billion cubic meters of gas had been delivered for export as of June 1, 2025.
The Azeri-Chirag-Gunashli (ACG) block is the country’s largest oil field, with its initial production-sharing agreement signed on September 20, 1994. A new agreement on joint development and production sharing was signed on September 14, 2017, extending operations through the end of 2049.
As for Shah Deniz, the "Exploration, Development, and Production Sharing Agreement" was signed on June 4, 1996, and entered into force on October 17 the same year.
Located in the Azerbaijani sector of the Caspian Sea, Shah Deniz, discovered in 1999, is one of the world’s largest gas-condensate fields, with an estimated 1 trillion cubic meters of gas and 243 million tons of condensate. The successful implementation of the Shah Deniz gas project has established Azerbaijan as a global gas exporter.
