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Tag: SOFAZ

Azerbaijan Oil Fund revenues from ACG and Shah Deniz blocks collapsed

Income to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil from the Azeri-Chirag-Guneshli (ACG) block and condensate from the Shah…

SOFAZ reveals revenues from ACG and Shah Deniz fields

The State Oil Fund of Azerbaijan (SOFAZ) has announced revenues from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields in the Azerbaijani sector of the Caspian…

Oil Fund of Azerbaijan Purchased 17.9 Thousand Ounces of Locally Produced Gold in 2020

AzerGold CJSC sold 17.9 thousand ounces of pure gold to the State Oil Fund of Azerbaijan (SOFAZ) in 2020, the press secretary of the society…

Azerbaijan Did Not Receive Gas Revenues from Giant Shah Deniz Project in January 2021

According to the results of the first month of 2021, the state did not receive profitable gas from the giant Shah Deniz project The total…

Azerbaijan Oil Fund Assets Grew by $ 241 Million in 2020

The assets of the State Oil Fund of Azerbaijan (SOFAZ) in 2020 increased by 0.56% or by $ 241 million – to $ 43 billion…

Income of Oil Fund from ACG Project Noticeably Decreased

Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli (ACG) block and Shah Deniz…

Deficit of Azerbaijan’s Oil Fund in January-September Reaches $ 1.44 Billion

The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) at the end of September 2020 amounted to $ 43 billion 288.6…

Azerbaijan’s Revenues from ACG and Shah Deniz Decrease by Two Times

Proceeds to the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profitable oil and gas from the Azeri-Chirag-Gunashli (ACG) block and the Shah…

Government Decides to Reduce Forecast Oil Prices in Budget by 36.4%

The Azerbaijani government decided, given low oil prices, to revise the parameters of both the state budget and the budget of the State Oil Fund…

Oil Fund Received $ 154 Billion, 73% Spent

The volume of revenues to the State Oil Fund of Azerbaijan (SOFAZ) in 2001-2019 amounted to $ 159.4 billion, is noted in the Fund’s annual report…

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