SOFAZ posts more than twofold increase in revenues from Shah Deniz

In January-April 2023, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $935.754 million from the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, up $530.279 million, or 2.3-fold, from the same period in 2022, Report informs, citing the Fund.

In the first four months of 2023, $197.763 million came from selling condensate, $100.768 million, or twofold, more than in January-April 2022.

In January-April 2022, SOFAZ’s revenues from the Shah Deniz field amounted to $405.475 million. The revenues from the sale of condensate amounted to $96.995 million.