Axar.az
UP
24 June 2019


SOFAZ revealed revenues from largest gas project

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for developing the country's Shah Deniz gas and condensate field from 2007 to May 1, 2016, totaled $2.506 billion, Trend reports.

SOFAZ received $64 million from Shah Deniz project in January-May 2016.

Some $19 million of this figure was received in May.

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 increased by two percent compared to early 2016 ($33.57 billion) and stood at $34.25 billion as of Apr.1, 2016.

Date
2016.06.10 / 10:49
Author
Axar.az
Comments
See also

Azerbaijani currency rates

Weekly review of Azerbaijani currency market

Azerbaijani oil prices up

Azerbaijani oil price goes up

Azerbaijani currency rates for today

Azerbaijani currency rates

Azerbaijani oil price goes down

EU should either buy oil from Iran or create financial channel

Azerbaijani oil price rises more than 1%

Azerbaijani currency rates

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla