Azerbaijani Economy 7 november — 12:25

State Oil Fund earned more than $8bn


From the sale of profitable oil from the block of Azeri-Chirag-Guneshli fields (ACG) and condensate from the Shah Deniz gas condensate field from January to October this year, the State Oil Fund of Azerbaijan (SOFAZ) received a total of $8.296 billion.

As reported to Azeri Daily by the Fund’s press-service, out of this amount, $181 million fell to condensate.

In general, from 2001 to November 1, 2018, the State Oil Fund earned $136.782 billion on sales of profitable oil from the block of ACG fields. Revenues from the sale of profitable gas from Shah Deniz since 2007 amounted to $2.506 billion.

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