In January-October 2023, the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the sale of profitable gas and condensate extracted from the “Shah Deniz” field amounted to $1 billion 183 million, the SOFAR press service.
During the reporting period, SOFAR’s revenues from the “Shah Deniz” project decreased by 2.2%; revenues from the sale of condensate amounted to $259,554 million (a decline of 21%), natural gas – $923,446 million (an increase of 4.9%).
By the end of 2022, revenues to SOFAZ from the “Shah Deniz” project amounted to $1 billion 443 million. Last year, the income of the Oil Fund of Azerbaijan from “Shah Deniz” exceeded the billion dollars for the first time.
Caspian Barrel
