SOFAZ received $2 bn for past 4 months

16:15 - 4.05.2020


May 4, Fineko/abc.az. The Azerbaijan State Oil Fund (SOFAZ) announced the amount of funds received for Jan-Apr 2020 from the sale of profit oil from oilfield block Azeri-Chirag-Guneshli (ACG) and condensate from Shah Deniz field.

ABC.AZ reports with reference to SOFAZ that for Jan-Apr 2020 the Fund received $1.98 million from the sale of profit oil from the Azeri-Chirag-Guneshli (ACG) block and condensate from Shah Deniz field.

"In particular, the Fund received $112 million from the sale of condensate from the Shah Deniz field for the reporting period. In April, revenues from the sale of profit gas from Shah Deniz field amounted to $59 million," SOFAZ said in a statement.

As a whole, from 2001 to 1 May 2020 SOFAZ received $148.454 bn from the sale of Azerbaijan's profit oil from the ACG block.

 

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