SOFAZ’s AGC revenues up by over 1%  

In January-February 2023, the State Oil Fund of Azerbaijan (SOFAZ) received $1.324 billion in revenues from the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea, up $17 million or 1.3% from the previous year, Report informs, citing the Fund.

This figure was $1.307 billion in January-February 2022.

The ACG shareholders are BP (30.37%), SOCAR (25%), MOL Group (9.57%), INPEX (9.31%), Equinor ”(7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), and ONGC Videsh Limited (OVL) (2.31%).