SOFAZ discloses volume of revenues obtained from Shah Deniz in 2024

SOFAZ discloses volume of revenues obtained from Shah Deniz in 2024
# 07 October 2024 11:54 (UTC +04:00)

Revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the Shah Deniz gas-condensate field (from the sale of gas and condensate) amounted to USD 364,465 mln. in January-September 2024, which indicates a 3.25-fold decrease year-on-year, SOFAZ told APA-Economics.

The Fund's income from the sale of condensate on the Shah Deniz field (from 01.01.2024 to 01.10.2024) is USD 113,878 million, which means a decrease of 2.3 times compared to the corresponding period of 2023.

Recall that the revenue earned by SOFAZ from Shah Deniz amounted to 1,308 million US dollars, which is a 9.4% decrease year-on-year. The revenue from the sale of condensate from the Shah Deniz field (from January 1, 2023, to January 1, 2024) amounted to 324.396 million US dollars, which indicates a decrease of 1.3%

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