Azerbaijan`s Oil Fund to get next bonus on Azeri-Chirag-Gunashli oilfield block on 31 January

13:05 - 3.01.2019


January 3, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) will receive nextbonus on the project of development of oilfield block Azeri-Chirag-Gunashli on 31 January.

According to Accounts Chamber of Azerbaijan’s conclusion on the draft budget of SOFAZ for 2019, the bonus amount will be $450.1 million or AZN 765.17 million.

The Oil Fund will receive bonuses in the amount of $3.6 bn in 2018-25 within the new contract for development of the ACG block. In particular, the 1st tranche of $450 million (AZN 774 million) was received by the Fund on 31 January 2018. The 2nd tranche of $450 million or AZN 765 million will be received on 31 January 2019.

 

Other news