Azerbaijan discloses revenue figures from key oil fields

In the first four months of 2024, revenues from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea amounted to $202.715 million for the State Oil Fund of Azerbaijan (SOFAZ).

It marks a significant decrease of 4.6 times compared to the same period in 2023, as reported by the fund to Report.

Condensate revenues also saw a decline, totalling $60.784 million, down by 3.25 times from the previous year.

Additionally, SOFAZ received $1.798 billion in income from the Azeri-Chirag-Guneshli (ACG) block of fields during January-April 2024, a drop of 27.1% compared to the same period in 2023, when the revenue amounted to $2.468 billion.