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SOFAZ revenues from ACG and Shahdeniz amount to $131.6 bln


The State Oil Fund of Azerbaijan (SOFAZ) has publicized the amount of its revenues from the Azeri-Chirag-Gunashli (ACG) block of fields and Shahdeniz as of February 1, 2018.

 

SOFAZ told APA-Economics that it earned $651.6 million from the ACG fields January 2018.

 

SOFAZ has received $450 million in the first bonus payment from the new agreement signed with foreign investors working at the Azeri-Chirag-Gunashli group of oil field.

 

At the same time, SOFAZ has received $0.108 million in the bonus payment from the foreign investors as part of Shahdeniz.  

 

Overall, SOFAZ revenues from the ACG field from 2001 to early 2018 totaled at $129.137 billion, from Shahdeniz at $2.506 billion. 

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