SOFAZ more than doubles revenues from Shah Deniz 

Agshin Rafigoglu
Author

In January-February 2023, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $534.751 million from the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, up $307.194 million or 2.3-fold from the same period in 2022, Report informs, citing the Fund.

In the first two months of 2023, $58.069 million came from selling condensate, $35.897 million, or 2.6 times more than in January-February 2022.

In January-February 2022, SOFAZ’s revenues from the Shah Deniz field amounted to $227.557 million. The revenues from the sale of condensate amounted to $22.172 million.

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