SOFAZ discloses volume of revenues obtained from Shah Deniz this year

SOFAZ discloses volume of revenues obtained from Shah Deniz this year
# 04 April 2024 13:39 (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 78,5 mln. in January-March 2024, which indicates an 8.2-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 01.04.2024) is USD 15,7 million, which means a decrease of 8.2 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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