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SOFAZ discloses revenues from Azerbaijan's ACG, Shah Deniz oil, gas fields

Oil&Gas Materials 7 August 2021 13:28 (UTC +04:00)
SOFAZ discloses revenues from Azerbaijan's ACG, Shah Deniz oil, gas fields

BAKU, Azerbaijan, Aug.7

By Zeyni Jafarov - Trend:

The State Oil Fund of Azerbaijan (SOFAZ) received over $2.9 billion within the project to develop the Azeri-Chirag-Deepwater Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea from January 1 to August 1, 2021, Trend reports citing SOFAZ.

According to SOFAZ, from 2001 until August 1, 2021, its revenues from ACG amounted to $152.3 billion.

Revenues from the sale of gas and condensate produced at the Shah Deniz field as of August 1, 2021 amounted to over $70.9 million. In total, from 2007 to August 1, 2021, SOFAZ's revenues from the sale of gas from this field exceeded $3.7 billion, the fund noted.

Besides, revenues from the sale of condensate produced at the Shah Deniz field as of early August 2021 amounted to $57.13 million.

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