SOFAZ posts over 8-fold increase in revenues from Shah Deniz

Agshin Rafigoglu
Post's author

From January through May of this year, the Azerbaijan State Oil Fund (SOFAZ) received an income of $526.537 million from the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, Report informs, citing the Fund.

According to the information, this is up $464.361 million, or 8.5 times from January-May 2021.

Latest news

UK ambassador to Russia gets note of protest 26 November, 2024 / 20:58
Embassy: US highly values Azerbaijan's commitment to NATO partnership 26 November, 2024 / 20:57
Israel security cabinet set to approve Hezbollah ceasefire deal 26 November, 2024 / 20:48
6.4-magnitude earthquake strikes off Japan's western Ishikawa Prefecture 26 November, 2024 / 20:41
Azerbaijan's Shahdag to host Mountain Resorts Festival 2025 26 November, 2024 / 20:37
Azerbaijan increases its furniture import expenses by over 23% 26 November, 2024 / 20:27
Azerbaijan partially lifts visa requirements with Saudi Arabia and Indonesia 26 November, 2024 / 20:12
Azerbaijan Airlines soon to launch Baku-Seoul direct flights 26 November, 2024 / 19:50
Cost of Georgia’s mineral imports from Azerbaijan disclosed 26 November, 2024 / 19:44
Georgia increases cigarette imports from Azerbaijan 26 November, 2024 / 19:32
Russian president's aide: Pashinyan will not attend CSTO summit in Astana 26 November, 2024 / 19:19
SAT-SAS-2024 exercise continues 26 November, 2024 / 19:05
Norwegian aid for Ukraine to reach $2.7B in 2025 26 November, 2024 / 18:55
Azerbaijan’s natural gas exports to Türkiye rose by 16% in September 26 November, 2024 / 18:39
Czech ambassador: Azerbaijan organized COP29 at high level 26 November, 2024 / 18:24