SOFAZ earns $60 million from Shah Deniz this year

The State Oil Fund of Azerbaijan (SOFAZ) has received $2.893 billion from the sale of gas and condensate of the Shah Deniz field so far.

Report informs, citing SOFAZ, that of this, $59 million was transferred in January-April 2020.

SOFAZ has been receiving funds from the development of the Shah Deniz field since 2007. The Shah Deniz gas is sold to Azerbaijan, Georgia, and Turkey.