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Caspian Oil & Gas Azerbaijan - Azerbaijan’s oil fund got almost $2.4 bn from sale of profit hydrocarbons for Jan-Jun

Azerbaijan’s oil fund got almost $2.4 bn from sale of profit hydrocarbons for Jan-Jun
18.07.2016

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Over Jan-Jun 2016 the State Oil Fund of Azerbaijan (SOFAZ) received $2.369 million from the sale of profit oil from oilfield block of Azeri-Chirag-Gunashli (ACG) and gas from Shah Deniz field.

SOFAZ reports that out of this amount, $2.305 bn accounted for export of profit oil from ACG and $64 million for sale of profit gas from Shah-Deniz.

"According to estimates, SOFAZ received totally $119.3 bn from the sale of profit oil of Azerbaijan from ACG from 2001 to 1 July 2016 and about $2.506 bn from export of gas from Shah Deniz field from 2007 and before 1 July 2016," the Fund said.


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