02-02-2012 12:12:52

ACG output down

Daily production from Azerbaijan’s Azeri-Chirag-Gunashli (ACG) block of oil fields in the Caspian Sea has decreased, reports say.

750,000 barrels per day were produced from the ACG fields in January, 1 percent down in comparison with the same period of 2011 and 9 percent less than in January 2010.

Average daily output was 823,000 barrels in 2010 and 757,000 barrels in 2011.

TAGS: Azerbaijan, Azeri-Chirag-Gunashli, Caspian Sea