2024 Q1-Q2 SOFAZ earnings from Azerbaijan's Shah Deniz field decreased 8.2 times to $78.5M compared to the previous year.
State Oil Fund of Azerbaijan (SOFAZ) earned $78.5 million from Shah Deniz field since January to April 2024, a decrease of 8.2 times compared to the corresponding period last year. Revenues from condensate sales also decreased by 8.1 times, amounting to $15.7 million. SOFAZ, established in 1999, manages Azerbaijan's oil and gas revenues for future generations. The Shah Deniz field, located offshore in the Caspian Sea, is one of Azerbaijan's largest natural gas fields.
April 04, 2024
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