SOFAZ releases data on incomes from oil and gas projects
Azerbaijan, Baku, Aug. 24 /Trend, E.Ismayilov/
Of the total funds received in 2010 by the State Oil Fund of Azerbaijan (SOFAZ) from the sale of hydrocarbons accounted for Azerbaijan's share, about $15.6 million (217.8 million barrels) accounted for project on development of block of Azeri- Chirag-Guneshli offshore fields in the Azerbaijani sector of the Caspian Sea, SOFAZ said in a report on last year. Total revenues of SOFAZ from hydrocarbon sales last year amounted to $15.77 billion (about 12.66 billion manat).
Of the total funds received by the State Oil Fund, $137 million accounted for the Shah Deniz gas field development project.
In addition to these projects, in 2010, SOFAZ received funds from the sale of hydrocarbons from oil fields Surakhani ($ 30 million), Binagadi-Girmaki-Chahnaglar ($13.1 million), Kursengi-Garabagly ($7.2 million).
Last year, the State Oil Fund assets totaled about $22.8 billion compared to $14.9 billion in early 2010. State Oil Fund was established in 1999 and then its assets amounted to $271 million.