BAKU, Azerbaijan, January 10. The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the Azeri-Chirag-Gunashli (ACG) block of fields notably grew in 2022, Trend reports via SOFAZ.
According to the fund, this figure amounted to $9.8 billion, up by $3.9 billion (65.7 percent) compared to 2021 (over $5.9 billion).
The equity participation in the ACG project is 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).