Azerbaijan's State Oil Fund announces revenues from Shah Deniz development

The State Oil Fund of Azerbaijan (SOFAZ) has reported an income of $364.465 million from the development of the Shah Deniz field, located in the Azerbaijani sector of the Caspian Sea, during the first seven months of this year.

According to Report, this figure represents a significant decrease of $776.535 million, or 68%, compared to the same period in 2023

Out of the total funds received by SOFAZ from Shah Deniz during this period, $113.878 million was attributed to gas condensate. This marks a decrease of $145.675 million, or 56.1%, compared to the corresponding period in 2023.