SOFAZ discloses its revenues from development of Shah Deniz field in 2024

Agshin Rafigoglu
Author

In 2024, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $442 million from the development of the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.

This is $865.9 million or 2.96 times less compared to the 2023 indicator.

Last year, $132.48 million of the funds received by the SOFAZ came from condensate. This is $191.9 million or 2.45 times less compared to the 2023 figure.

In 2023, SOFAZ's income from the development of the Shah Deniz field amounted to $1.3 billion. The sale of condensate from this field generated an income of 324.4 million.

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