SOFAZ nearly doubles revenues from Shah Deniz field

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.