In the first quarter of this year, operations at the Azeri-Chirag-Guneshli (ACG) oil field received significant financial allocations, as reported by Azernews citing bp’s quarterly report on Azerbaijan operations. Approximately $115 million was earmarked for operating costs, while $347 million was allocated for capital expenses, totaling $462 million for ACG activities during the quarter. This expenditure reflects a commitment to advancing operations in the region.
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