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SOFAZ’s revenue from profit oil sale exceeds $2 bn for Jan-May 2020

03.06.2020,15:27


June 3, Fineko/abc.az. Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from oilfield block Azeri-Chirag-Guneshli (ACG) and condensate from the Shah Deniz field for Jan-May 2020 exceeded $2 bn.

SOFAZ reports that for Jan-May 2020 revenues from the sale of Azerbaijan's profit oil from the ACG block and condensate from the Shah Deniz field amounted to $2.106 bn.

"In particular, the Fund received $120 million from the sale of condensate from the Shah Deniz field during the reporting period," SOFAZ said in a statement.

SOFAZ also noted that Fund's total earnings from the sale of profitable gas extracted from the Shah Deniz field for Jan-May 2020 amounted to $66 million.