LUKOIL said it had acquired 15.5 percent interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS for $2.25 billion.

In September alone, the non-oil exports rose by 75.2 percent year-on-year to $224.7 million, while the country's total export amounted to $1.7 billion.

Gross domestic product (GDP) grew 3.6 percent in January-August this year from a year earlier mainly backed by the growth in the non-oil sector.

Azerbaijan shipped 754,000 tonnes of oil via Russia in January-September, up from 330,000 tonnes shipped in the same period last year.

The resource-rich ex-Soviet country is now scheduled to produce 647,000 bpd in October.

The resource-rich ex-Soviet country produced 56.1 million tonnes of oil and gas condensate in the first eight months of 2021.