Baku 24° C
SOFAZ nearly doubles revenues from Shah Deniz field
Energy
- 05 December, 2022
- 13:05
From January through November 2022, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $1.357 billion from the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, Report informs, citing the Fund.
This figure is $626.293 million or 1.8 times more year-on-year.
In the first 11 months of 2022, $328.567 million came from the sale of condensate, $50.389 million or 18.1% more than in January-November 2021.
In January-November 2021, SOFAZ’s income from the Shah Deniz field amounted to $730.707 million. The sale of condensate generated revenue of $278.178 million.
Author
Latest News
23:57
Video
Video on EC president's visit to Azerbaijan posted on President Ilham Aliyev's social media accounts
Foreign policy23:53
Photo
President Ilham Aliyev holds expanded meeting with President of European Commission
Foreign policy23:49
Photo
Video
President Ilham Aliyev and President of European Commission deliver press statements
Foreign policy23:45
Von der Leyen: Azerbaijan to integrate its energy system with EU
Foreign policy23:35
Ursula von der Leyen: EU to allocate €200M for connectivity projects in South Caucasus
Foreign policy23:27
Von der Leyen: EU to propose holding regional connectivity conference in Baku
Region23:18
Ilham Aliyev: Normalization process between Azerbaijan, Armenia progressing productively
Foreign policy23:05
President: Azerbaijan actively investing in transport infrastructure
Infrastructure22:48