SOFAZ posts more than 58% growth in revenues from Shah Deniz

In January-June 2023, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $1.002 billion from the Shah Deniz field located in the Azerbaijani sector of the Caspian Sea, up $368.744 million, or 58.2%, from the same period in 2022, Report informs, citing the Fund.

In the first half of 2023, $210.851 million came from selling condensate, $8.506 million, or 3.9%, less than in January-June 2022.

In January-June 2022, SOFAZ’s revenues from the Shah Deniz field amounted to $633.256 million. The revenues from the sale of condensate made up $219.357 million.