Sofaz’s revenue from profit oil and gas sale brought up to $7.4 bn for 9 months of 2018


October 3, Fineko/ Revenues of the State Oil Fund of Azerbaijan (Sofaz) from the sale of profit oil from oilfield block Azeri-Chirag-Gunashli (ACG) and condensate from gas field Shah Deniz reached $7.4 bn for Jan-Sept 2018.

Sofaz reports that the Fund received $115 million from sale of condensate from Shah Deniz during the reporting period.

According to Sofaz, from 2001 to 1 October 2018 the Fund received $135.887 million from sale of Azerbaijan's profit oil from the ACG block and $2.506 million from sale of gas from Shah Deniz from 2007 to 1 September 2018.