In Q1, State Oil Fund of Azerbaijan’s incomes from sale of profit oil and gas from Azeri-Chirag-Guneshli and Shah-Deniz exceeded $1.1 billion

The State Oil Fund of Azerbaijan (SOFAZ) has promulgated the amount of its income from the sale of profit oil, produced from the block of fields Azeri-Chirag-Guneshli and gas condensate from the Shah Deniz field in the Azerbaijani sector of the Caspian.

According to the report of SOFAZ, the Fund's income from the sale of profit oil as a results the fields development amounted to $118 146 million by April 1, 2016 (from 2001).

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