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SOFAZ’s profit from the “Shah Deniz” project decreased by 3.8 times

Gas production at the Shah Deniz field is growing, exports are also growing... however, Azerbaijan’s income from the project is decreasing

10/06/2024
In 2023, condensate production at “Shah Deniz” field decreased by 2.8%
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The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the “Shah Deniz” field in the Azerbaijani sector of the Caspian Sea amounted to 244 million 69 thousand dollars in January-May 2024, this is 691 million 685 thousand dollars, or 3.8 times less than in the same period of 2023, SOFAZ reported.

The share of revenues from the sale of condensate accounted for 60 million 784 thousand dollars, which is 136 million 979 thousand dollars or 3.25 times less than the same indicator last year.

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Tags: Azerbaijani gasSOFAZШах-Дениз

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