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State Oil Fund of Azerbaijan announced expected revenues gas production at Shah Deniz

Oil&Gas Materials 1 August 2006 18:47 (UTC +04:00)

The State Oil Fund of Azerbaijan (SOFAZ) expects $30mln bonus revenues from gas production at Shah Deniz in 2006, Trend report quoting Shakhmar Movsumov, executive director, SOFAZ.

He said the incomes to SOFAZ from Shah Deniz gas production are expected in 2007.

The first gas at Shah Deniz is expected in fall 2006. This gas will be sold to Azerbaijan, Georgia and Turkey on sale-purchase contracts basis and transported via SCP.

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