SOFAZ rakes in over $1.447 billion from ACG in Q1 2024

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Since early 2024 until April 1, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported revenues of $1.447.8 billion from the "Azeri-Chirag-Gunashli" (ACG) field, encompassing both gas and condensate.

According to the SOFAZ, there has been a 29.2 percent decrease in the revenues generated by the "Azeri-Chirag-Gunashli" (ACG) field.

In the corresponding period of last year, the ACG field reported revenues of $2.44 billion.

Economy