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Azerbaijan's SOFAZ sees significant increase in revenues from Azeri–Chirag–Gunashli

Oil&Gas Materials 5 December 2022 17:03 (UTC +04:00)
Azerbaijan's SOFAZ sees significant increase in revenues from Azeri–Chirag–Gunashli
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, December 5. The revenues of the State Oil Fund of the Republic of Azerbaijan from the Azeri–Chirag–Gunashli oil fields from January through November 2022 totaled $9.161 billion, Trend reports via SOFAZ.

According to SOFAZ, the revenues of the state fund from Azeri–Chirag–Gunashli increased by 73.73 percent, or $3.8 billion, compared to the same period in 2021 ($5.7 billion).

Azeri–Chirag–Gunashli participating interests are as follows: BP (30.37 percent), SOCAR (25 percent), MOL (9.57 percent), INPEX (9.31 percent), Equinor (7.27 percent), ExxonMobil (6.79 percent), TPAO (5.73 percent), ITOCHU (3.65 percent), and ONGC Videsh Limited (2.31 percent).

BP Exploration (Caspian Sea) Limited is the operator of the Azeri–Chirag–Gunashli Production Sharing Agreement (PSA).

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