SOFAZ sees about 66% growth in revenues from ACG in 2022

In 2022, the State Oil Fund of Azerbaijan (SOFAZ) received $9.889 billion in revenues from the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea, up $3,920.6 million or 65.7% from the previous year, Report informs, citing the Fund.

This figure was $5,968.4 million in 2021.

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%).