SOFAZ earns more than $575 million from ACG this year

SOFAZ earns more than $575 million from ACG this year
  • Clock-gray 11:02
  • calendar-gray 03 March 2021

In January and February of the current year (01.01.2021 – to 01.03.2021), the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the Azeri-Chirag-Guneshli (ACG) block of fields amounted to $ 574, 543 thousand, and this 42,8% less in annual comparison, SOFAZ told APA-Economics.

In the relevant period of the previous year, the mentioned figure was at the level of USD 1 005 mln.

Note that revenues of SOFAZ from ACG last year (01.01.2020 – to 01.01.2021) amounted to $ 3 522,7 million.

Emil Ismayilov

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