Azerbaijan’s revenues from Shah-Deniz increased dramatically

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In January-March of this year, revenues of the State Oil Fund of the Republic of Azerbaijan from Shah-Deniz gas condensate field made up USD 359 125 thousand which is 12,3 times more in annual comparison, SOFAZ told APA-Economics.

The Fund’s revenues from Shah-Deniz on condensate sale (01.01.2022-01.04.2022) were USD 62 494 thousand, which means a 2,14 times increase.

The total income of SOFAZ from the sale of gas and condensate on the Shah Deniz field (since 2007) amounted to USD 4,911 mln. (as of 01.04.2022).