Azerbaijani State Oil Fund revenue from ACG and Shah Deniz profitable oil and gas sales down 21.6% to $4.6 bln in 8M

BAKU. Sept 3 (Interfax) - Revenues to the State Oil Fund of Azerbaijan (SOFAZ) from the sales of profitable oil from the Azeri-Chirag-Gunashli (ACG) block and profitable gas and condensate from the Shah Deniz field fell 21.6% year-on-year in January-August 2024 to $4.636 billion, the Fund told Interfax.

Sales of profitable oil from the ACG block decreased 9.7% to $4.272 billion.

SOFAZ revenues from the sales of profitable gas and condensate produced from the Shah Deniz decreased 67.7% to $364.465 million. Revenue from sales of condensate decreased 56.5% to $113.878 million, while profitable gas sales decreased 73% to $250.587 million.