Bank Of Baku

Azerbaijan’s revenues from Shahdeniz increased

Azerbaijan’s revenues from Shahdeniz increased
# 06 September 2023 16:10 (UTC +04:00)

In January-August of 2023, the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the "Shahdeniz" gas-condensate field (from the sale of gas and condensate) amounted to USD 1 183 mln., which makes it a 3,05% increase in annual comparison, SOFAZ told APA-Economics.

The revenues of the Fund from the "Shahdeniz" gas-condensate field amounted to USD 1,148 mln. in the corresponding period of the previous year.

The revenues of the Fund from the "Shahdeniz" gas-condensate field (from 01.01.2023 to 01.09.2023), amounted to USD 259,554 mln, which is a decrease of 21%. In January-August of 2022, the revenues of Fund from the sale of condensate amounted to USD 328,567 mln.

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