SOFAZ earns nearly $7B from ACG

In 2023, the State Oil Fund of Azerbaijan (SOFAZ) earned $6,899.2 million from the Azeri-Chirag-Guneshli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea, Report informs, citing the Fund.

According to the information, this is nearly $2,989.8 million, or 30.23%, less than in the previous year.

In 2022, SOFAZ's revenue from ACG amounted to $9.889 billion.