SOFAZ rakes in over $78 million from ACG as of March 2024

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Since early 2024 until March 1, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported revenues of $78.5 million from the Shah Deniz field, encompassing both gas and condensate.

According to the SOFAZ, there has been a 6.9 percent decrease in the revenues generated by the Shah Deniz field.

The revenues from the sale of condensate on the Shah Deniz field totaled $15.7 million in the reporting period, indicating a marginal 3.7 percent decline.

Economy