The Azerbaijani State Oil Fund (SOFAZ) revenues from the country’s major oil and gas fields amounted to $982.6 million in the first three months of 2021, SOFAZ has reported.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-February 2021.

Revenues of Azerbaijan's State Oil Fund (SOFAZ) from the country’s major oil and gas fields amounted to $578 million in the first two months of 2021, the Fund has reported.

Azerbaijan resumed gas exports from the Shah Deniz field after a short-term halt, local media reported with the reference to to the SOCAR’s Deputy Head of Public Relations Ibrahim Ahmadov on February 24.

The total production at Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of fields amounted to 175 million barrels during 2020, BP Azerbaijan has said in its annaul report.

Production at the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea is expected to increase in 2021, Azertag reported with reference to the draft budget of the State Oil Fund for 2021.

The supply of gas from the Shah Deniz field to the European Union has commenced. It is a big step forward for energy security, the Prime Minister of Georgia, Giorgi Gakharia, said on Tuesday, Trend reports citing 1tv.ge.

The annual gas production from the Shah Deniz field, which is the main source for the Southern Gas Corridor, is expected to reach 18.7 billion cubic meters this year and 25.3 billion cubic meters in 2023.

Azerbaijan increased gas production and export, while decreasing oil production and export during the period of January-October 2020.

The total production at the Azeri-Chirag-Guneshli (ACG) block of fields amounted to 132 million barrels during the three quarters of 2020, BP Azerbaijan has reported.