Bank Of Baku

SOFAZ’s revenues from Shahdeniz increase 58%

SOFAZ’s revenues from Shahdeniz increase 58%
# 05 July 2023 12:26 (UTC +04:00)

In January-July 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 1,002 mln., which is 58% more in annual comparison, SOFAZ told APA-Economics.

The revenues of the Fund from the "Shahdeniz" gas-condensate field amounted to USD 633,256 mln in the corresponding period of the previous year.

 

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