Azeri-Chirag-Gunashli

OffshoreAzerbaijan

Discovered 1985, Caspian Sea, the engine of the modern Azerbaijani oil revival.

Overview

ACG, developed from 1997 under the contract of the century, reversed post Soviet decline. Its output built the Baku Tbilisi Ceyhan pipeline. A $45 billion extension will stretch production into the 2050s.

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