SOFAZ unveils amount of income obtained from ShahDeniz this year

SOFAZ unveils amount of income obtained from ShahDeniz this year
# 07 May 2024 10:48 (UTC +04:00)

In January-April of this year, 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 202,715 million, which is a decrease of 4.6 times in annual comparison, SOFAZ told APA.

According to information, fund's revenues from the sale of condensate on the Shahdeniz field - (from 01.01.2024 to 01.05.2024) amounted to USD 60,784 million, which is a decrease of 3.3 times compared to the corresponding period of 2023.

Note that last year, the revenues of SOFAZ from Shahdeniz amounted to USD 1,308 million, which is 9.4% less is annual comparison. The fund’s incomes from the sale of condensate on the ShahDeniz field (as of 01.01.2023-01.01.2024) was USD 324,396 million, which is a decrease of 1.3%.

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