SOFAZ’s revenues from Shahdeniz exceeded $1.3 bln

SOFAZ’s revenues from Shahdeniz exceeded $1.3 bln
# 07 December 2023 16:40 (UTC +04:00)

In January-November 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 1,308 million, which is 3,61% less in annual comparison, SOFAZ told APA-Economics.

The revenues of the Fund from the Shahdeniz gas-condensate field amounted to USD 1,357 million in the corresponding period of the previous year.

The fund's income from the sale of condensate on the Shahdeniz field (from 01.01.2023 to 01.12.2023) is USD 324,396 million, which means a decrease of 1.3%.

Noted that SOFAZ received 328,567 million US dollars from the sale of condensate in January-November 2022.

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