By September 1, 2014 State Oil Fund of Azerbaijan (SOFAZ) has received $105,802,000,000 from implementation of Azeri-Chirag-Guneshli (ACG) bloc of fields.
SOFAZ reported that from January 1, 2014 till September 1, 2014 Oil Fund received $10,770,000,000 from ACG.
By July 1, 2014 SOFAZ’s assets totaled $37,622,400,000.
At present earnings from ACG constitute 95% of all incomes of SOFAZ.
The first part of profitable oil from ACG was received by Azerbaijan in December 1999. On December 29, 1999 Azerbaijani President issued a decree to create the State Oil Fund of Azerbaijan, which is at present one of the world biggest sovereign funds.
