SOFAZ announces revenues from ACG and Shah Deniz 

In January-April 2021, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) from Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields amounted to $1,437,000,000, Report informs, referring to the Fund.

At the same time, revenues from Shah Deniz condensate sale stood at $42.352 million.

ACG participating interests are BP (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).

Shah Deniz participating interests are: bp (operator – 28.8%), TPAO (19.0%), PETRONAS (15.5%), AzSD (10.0%), LUKOIL (10.0%), NICO (10.0%) and SGC Upstream (6.7%).