SOFAZ receives over $6 billion in revenue from ACG development in 2024

Agshin Rafigoglu
Author

The State Oil Fund of Azerbaijan (SOFAZ) received $6.158.5 million in revenue from the development of the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea in 2024.

Report informs, citing the fund's data, that the figure decreased by $740.7 million or 10.73% compared to the revenue in 2023, which amounted to $6,899.2 million.

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