BAKU, Azerbaijan, Jan.6
By Leman Zeynalova – Trend:
Revenues of Azerbaijan’s State Oil Fund (SOFAZ) from the sale of gas and condensate from the Shah Deniz field as of 2021 are estimated at $884.793 million, including $ 302.817 million from the sale of condensate, Trend reports referring to the Fund.
SOFAZ's revenues from the sale of gas and condensate from the Shah Deniz field increased by 201.5 percent compared to 2020, when this figure stood at $293.9 million.
The total revenue from the sale of gas and condensate from the Shah Deniz field from 2007 to Jan.1, 2022 amounted to $4.551 billion.
The contract for the developing the Shah Deniz field was signed on June 4, 1996.
The contract was extended from 2036 to 2048 and the shares of SOCAR and BP (project operator) in the project were increased to 16.7 percent and 28.8 percent respectively, in accordance with the documents signed in Baku on Dec.17, 2013.
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