SOFAZ's revenues from Shahdeniz increased by more than 9%

SOFAZ
# 08 January 2024 10:56 (UTC +04:00)

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 mln. in 2023, which makes it a 9,4% increase in annual comparison, SOFAZ told APA-Economics.

The revenues of the Fund from the "Shahdeniz" gas-condensate field amounted to USD 1 443 mln. in 2022.

The revenues of the Fund from the "Shahdeniz" gas-condensate field (from 01.01.2023 to 01.01.2024), amounted to USD 324,396 mln, which is a decrease of 1,3 %.

Note that, in 2022, SOFAZ gained USD 328,567 mln. from the sale of condensate.

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