BAKU, Azerbaijan, January 8. The State Oil Fund of Azerbaijan (SOFAZ) reported that its revenues from the sale of gas and condensate from the Shah Deniz field in 2023 amounted to $1.308 billion, compared to $1.443 billion in the same period in 2022, Trend reports via the Fund.
This represents a 9.4 percent year-on-year decrease in the fund's income from the Shah Deniz field.
SOFAZ data reveals that the fund received $324.396 million from the sale of Shah Deniz condensate, a 1.3 percent decrease from $328.567 million in 2022.
Shah Deniz participating interests are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
The existing Shah Deniz facilities’ production capacity is currently about 72.1 million standard cubic metres of gas per day or approximately 26.3 billion standard cubic metres per year.
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