BAKU, Azerbaijan, April 19. The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the Azeri-Chirag-Gunashli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea from January 1, 2022 to April 1, 2022 amounted to $1.866 billion, Trend reports referring to the Fund.
As such, SOFAZ's revenues increased by 95.7 percent compared to the same period in 2021 ($953.498 million).
The total revenue from ACG from 2001 to March 1, 2022 amounted to $157.239 billion.
BP Exploration (Caspian Sea) Limited is the operator on behalf of the Contractor Parties to the ACG Production Sharing Agreement.
ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), ONGC Videsh Limited (OVL) (2.31%).
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