Azerbaijan's Oil Fund's revenues from ACG increased by more than 80%

Azerbaijan
# 05 November 2022 15:45 (UTC +04:00)

In January-October of this year (from 01.01.2022 to 01.11.2022), the revenues of the Oil Fund of the Republic of Azerbaijan (SORF) from the "Azeri-Chirag-Guneshli" (ACG) field block amounted to 8,326 mln. US dollar, which is 80.5% more than the year, APA-Economics reports citing SOFAZ.

The mentioned indicator was at the level of 4,612.1 million dollars in the same period last year.

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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