Azerbaijan's Energy Minister talks country's oil & gas sector

  30 May 2019    Read: 836

To date, 485 million tons of oil and 158 billion cubic meters of natural gas have been extracted from the Azeri-Chirag-Gunashli field (ACG) of Azerbaijan, Azerbaijani Energy Minister Parviz Shahbazov said at the Caspian Oil and Gas Conference in Baku on May 30, reports.

The minister noted that $36 billion has so far been invested in the ACG.

"Over the past 23 years, about $263 billion have been invested in the country's economy, of which $100.6 billion account for the oil sector," the minister said.

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