SOFAZ acquires $2.2 billion revenue from ACG

Agshin Rafigoglu
Author

In January-July 2020, the State Oil Fund of Azerbaijan (SOFAZ) earned $2.21 billion from the profit oil deal of the Azeri-Chirag-Guneshli field, Report informs referring to SOFAZ.

Within the mentioned frame, SOFAZ had $197 million return from the sale of gas and condensate from the Shah Deniz field. Notably, the income from the condensate trade of the Shah Deniz accounted for $131 million.

Since 2001, SOFAZ has been obtaining funds from the business of profit oil at ACG.

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