Azerbaijani State Oil Fund revenue from ACG and Shah Deniz profitable oil and gas sales down 18% to $5.8 bln in 10M

BAKU. Nov 6 (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 in January-October 2024 stood at $5.75 billion, an 18.4% decrease year-on-year, the Fund told Interfax.

Sales of profitable oil from the ACG block decreased 9.1% to $5.334 billion.

SOFAZ revenues from the sales of profitable gas and condensate produced from the Shah Deniz decreased 64.3% to $416.174 million. Revenue from sales of condensate decreased 54.5% to $115.409 million, and profitable gas sales decreased by two thirds to $300.765 million.