SOFAZ posts more than 6% growth in revenues from Shah Deniz

In January-July 2023, the State Oil Fund of Azerbaijan (SOFAZ) received $1.141 billion from the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, up $69 million, or 6.4%, from the same period in 2022, Report informs, citing the Fund.

In the first seven months of 2023, $259.6 million came from selling condensate, which is an increase of $6.875 million, or 6.4%, from January-June 2022.

In January-July 2022, SOFAZ’s revenues from the Shah Deniz field amounted to $1.072 billion. The revenues from the sale of condensate made up $252.725 million.