SOFAZ's revenues from Shah Deniz field decline 3-fold

17:21 - 6.12.2024


December 6, Fineko/abc.az. Over Jan-Nov 2024, the State Oil Fund of Azerbaijan (SOFAZ) received income from development of Shah Deniz field in the Azerbaijani sector of the Caspian Sea in the amount of $416.174 million.

ABC.AZ informs with reference to SOFAZ that the figure is $891.8 million or 3.1-fold less versus Jan-Nov 2023.

According to SOFAZ, of the finances received by SOFAZ for the past 11 months of 2024, the share of condensate extracted from Shah Deniz accounted for $115.409 million ($208.987 million or 2.8-fold less against Jan-Nov 2023 - $1.308 million).