SOFAZ earns nearly $5B from ACG

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From January through August this year, the State Oil Fund of Azerbaijan (SOFAZ) earned $4.728 billion from the Azeri-Chirag-Guneshli (ACG) block of fields in the Azerbaijani sector of the Caspian Sea, Report informs, citing the Fund.

According to the information, this is nearly $1.901 billion, or 28.7 times, less than in January-August last year.

In January-August 2022, SOFAZ’s revenue from ACG amounted to $6.629 billion.