Azerbaijan’s Oil Fund’s revenues from ACG increased

In January-February of this year (from 01.01.2023 to 01.02.2023), the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the “Azeri-Chirag-Guneshli” (ACG) field block amounted to $1 324 mln, which is 1,3 % more than the annual comparison, SOFAZ told APA-Economics.

 

Notably, the share distribution in ACG is as follows: BP – 30.37% (operator), AzACG (SOCAR) – 25.00%, MOL – 9.57%, “Inpex” – 9.31%, “Equinor” (formerly Statoil) – 7.27%, ExxonMobil – 6.79%, TPAO – 5.73%, Itochu – 3.65% and ONGC Videsh Ltd. (OVL) – 2.31%.

 

Source: Azeri Press News Agency