Azerbaijan plans to start gas production at ACG in 24 – Aliyev

BAKU, Jan 10 (Reuters) – In 2024, Azerbaijan plans to start producing deep gas as part of the deep-gas project at the Azeri-Chirag-Gunashli (ACG) fields, the country’s largest oil producing bloc, Azerbaijani President Ilham Aliyev said.

“This year, if everything goes according to plan, we plan to start gas production from the Absheron field, and next year from the Azeri-Chirag-Guneshli block of fields, the so-called “deep gas,” Aliyev said in an interview with local TV channels on Tuesday.

According to the President, Azerbaijan has a great potential of hydrocarbon raw materials, the country’s gas reserves amount to 2.6 trillion cubic meters.

According to the State Oil Company of Azerbaijan, deep-gas reserves at ACG are currently projected at the level of 250-300 billion cubic meters.

The contract for the development of the Azeri-Chirag-Guneshli fields with a consortium of foreign companies was signed in 1994.

The project operator is the British company BP. (Nailya Bagirova)


Add a Comment