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SOFAZ’s revenues from the sale of profitable oil from ACG doubled

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Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil and gas from the Azeri-Chirag-Guneshli (ACG) block in January-April 2022 amounted to $ 2 billion 898 million, by 2 times higher than the same period in 2021.

Based on SOFAZ data, Turan estimated that in April of this year, the Fund earned $1 billion 32 million from the ACG project.

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