Baku 6° C
SOFAZ received over $5.5B from development of ACG in Jan.-Nov. 2024
Energy
- 06 December, 2024
- 13:58
In January-November 2024, the State Oil Fund of Azerbaijan (SOFAZ) received an income of nearly $5.73 billion from the development of the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.
This is $628.4 million or 9.9% less compared to the same period last year.
In January-November 2023, SOFAZ received an income of $6.35 billion from the development of the block of fields.
ACG is Azerbaijan's largest oil field block. The first production-sharing agreement for the development of the block of fields was signed on September 20, 1994.
Author
Latest News
15:40
Massive drilling rig topples on Alaska"s North slope
Energy15:21
Iran says two Islamic State‑linked men executed for 2023 bus bombing
Region15:00
AnewZ produces documentary on interreligious dialogue between Azerbaijan, Vatican
Foreign policy14:34
Jabbarov: Inclusive education ecosystem - cornerstone of economic model
Business14:07
‘This time we'll treat any attack as an all-out war," senior Iran official threatens
Region13:51
Ukraine-Russia peace talks resume in UAE
Other13:41
High-ranking US delegation expresses concern over abdution of 170 Christians in Nigeria
Other countries13:23
US adds eight companies, nine tankers to Iran sanctions lists
Other countries12:58