23 November 2017

Azerbaijan reveals volume of revenues

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the implementation of the project for developing the country’s Shah Deniz gas and condensate field from 2007 to March 1, 2016, totaled $2.457 billion, SOFAZ told March 18.

SOFAZ received $18 million from Shah Deniz project in January-February 2016 and $14 million of this volume was received in February.

The revenues from Shah Deniz project have been recorded since the start of commercial gas production at the field.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field’s reserve is estimated at 1.2 trillion cubic meters of gas.

The shareholders in the contract are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).

The assets of SOFAZ have decreased by 9.5 percent compared to 2014 and stood at $33.57 billion as of Jan.1, 2016.

2016.03.24 / 11:50
See also

Gazprom resumes gas supplies to Azerbaijan

Fitch upgrades the ratings of the International Bank

Milli Majlis discusses draft law on state budget for 2018

Bitcoin exceeds $ 8,000

OPEC Member States Decrease Oil Production

Azerbaijan’s financial situation is very positive

Contract of the Century gave strength to us

BTK railroad is called "cooperation corridor”

SOCAR’s Tower cost $414M

Elizabeth II offshore brought in $ 13 million

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla