Baku 17° C
SOFAZ sees 90% growth in revenues from ACG
Energy
- 26 October, 2022
- 12:36
Add Report.az to preferred Google sources
Stay up to date with the top news!
From January through September 2022, the State Oil Fund of Azerbaijan (SOFAZ) received $7,528 million in revenues from the Azeri-Chirag-Gunashli block of fields in the Azerbaijani sector of the Caspian Sea, up $3,561.2 million or 89.9% from the previous year, Report informs, citing the Fund.
The revenues from the ACG block of fields since it became operational in 2001 totaled $158.658 billion.
The ACG shareholders are BP (30.37%), SOCAR (25%), MOL Group (9.57% (replaced Chevron on April 16, 2020)), INPEX (9.31%), Equinor ”(7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).
Author
Latest News
16:09
Azerbaijan has long been a meeting point of cultures, heritage chief says
Cultural policy
16:05
OECD confirms Azerbaijan's compliance with country-by-country reporting rules
Business
16:02
PASHA Capital CEO: Bond guarantees could attract more investors
Finance
15:59
Bosnia and Herzegovina looks to strengthen anti-corruption co-op with Azerbaijan
Foreign policy
15:58
Abas Miskarli: Azerbaijani insurers may allocate just 2–3% of portfolios to risky assets
Finance
15:55
Senegal attaches great importance to anti-corruption co-op, OFNAC chairman says
Foreign policy
15:51
Organized crime groups increasingly using AI to conceal assets, Tunisian official says
Foreign policy
15:45
Azerbaijan's European boxing medal tally reaches 25 in 2026
Individual sports
15:43
Limited investment options constrain Azerbaijani insurers, ASA chief says
Finance