Baku 17° C
SOFAZ receives next bonus payment from ACG Agreement
Energy
- 10 January, 2024
- 16:10
Add Report.az to preferred Google sources
Stay up to date with the top news!
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received $450 million in the seventh bonus payment from the new agreement signed with foreign investors working at the Azeri-Chirag-Gunashli group of oil fields, located in the Azerbaijani sector of the Caspian Sea, Report informs.
According to contract, foreign investors will pay an overall bonus of $3.6 billion to SOFAZ.
The next final bonus payment is expected to be made in January 2025.
ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), and ONGCVidesh (2.31%).
Author
Latest News
17:16
European Commission approves €5.4B loan for Hungary under SAFE
Foreign policy
17:05
Central Bank official warns against delays in cyber incident reporting
ICT
17:03
Photo
Azerbaijan, UAE sign military cooperation roadmap for 2027–2029
Military
17:00
Photo
Report Media School welcomes its 22nd group of trainees
Media
16:57
Global crime cannot be fought by single state alone, Iranian ambassador says
Foreign policy
16:56
Azerbaijani banks' net foreign assets rise 22.6% year-on-year
Finance
16:52
Baku meeting yields decisions to strengthen anti-corruption fight, MACC chief commissioner says
Other countries
16:49
Farid Shafiyev: Azerbaijan seeks to change paradigm in relations with EU - Interview
Foreign policy
16:47
Photo
Azerbaijan promotes tourism investment opportunities at Doha forum
Tourism