Azerbaijan's Oil Fund's revenues from ACG decreased by 30%

Azerbaijan
# 04 November 2023 12:58 (UTC +04:00)

In January-October of this year (from 01.01.2023-01.11.2023), the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the Azeri-Chirag-Guneshli (ACG) field block amounted to $5 865,8 mln, which is 29,5% less than the annual comparison, SOFAZ told APA-Economics.

The mentioned indicator in the same period of 2022 was USD 8 326 mln.

Notably, the share distribution in ACG is as follows: BP – 30.37% (operator), AzACG (SOCAR) – 25.00%, MOL – 9.57%, "Inpex" – 9.31%, "Equinor" (formerly Statoil) – 7.27%, ExxonMobil – 6.79%, TPAO – 5.73%, Itochu – 3.65% and ONGC Videsh Ltd. (OVL) – 2.31%.

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