SOFAZ gains $2.5 billion revenue from ACG

SOFAZ gains $2.5 billion revenue from ACG In January-July this year, the State Oil Fund of Azerbaijan (SOFAZ) received $ 2.485 billion from the profit oil deal of the Azeri-Chirag-Guneshli.
Finance
August 6, 2020 11:17
SOFAZ gains $2.5 billion revenue from ACG

In January-July this year, the State Oil Fund of Azerbaijan (SOFAZ) received $ 2.485 billion from the sale of profit oil of the Azeri-Chirag-Guneshli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea.

During this period, SOFAZ earned $ 215.5 million from the sale of Shah Deniz gas and condensate.

Of this amount, $ 149 million falls on condensate.

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