During 2014 State Oil Fund of Azerbaijan (SOFAZ) received $15,118,000,000 from sale of oil extracted from the Azeri-Chirag-Guneshli (ACG) oil fields, a source from SOFAZ told Turan.
During 2013 SOFAZ’s profit from the oil extracted from ACG decreased by $1,143,200,000.
According to SOFAZ, in 2013 $16,261,200,000 was transferred to SOFAZ’s accounts from sale of oil from ACG project.
There are two reasons of reduction of profit: first of all, slump of oil prices at the world markets and secondly, reduction of volume of oil on the ACG contract area.
* By January 1, 2015, SOFAZ’s assets totaled $37.1 billion.
