Azerbaijan's State Oil Fund reports a 4.6-fold revenue decline from Shah Deniz gas-condensate field from Jan-May 1.
State Oil Fund (SOFAZ) of Azerbaijan reports a 4.6 times decline in revenues from Shah Deniz gas-condensate field, amounting to $202.715 million from Jan to May 1. Revenues from condensate sales on Shah Deniz fell 3.2 times to $60.784 million. The significant drop highlights challenges within the energy sector, requiring a closer examination of market conditions and recovery strategies.
May 07, 2024
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