Middle East Economic Survey
VOL. LIV
No 11
14-Mar-2011
CASPIAN
AIOC Increased ACG Fields Investment By 21% In 2010
BP Azerbaijan announced on 4 March that the BP-led Azerbaijan International Operating Company (AIOC), which has been developing the Azeri-Chirag-Guneshli (ACG) offshore fields complex since 1994, invested $2.074bn in the project in 2010, a rise of 21.3% compared to 2009. ACG output averaged 823,000 b/d in 2010, up by 0.7% over to 2009. ACG also produced 3.4bn cu ms of associated...
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