The State Oil Fund of Azerbaijan announces the amount of income since the beginning of Shakh-Deniz fulfillment
Edited by Rhod Mackenzie / 2013-10-22 06:40:49
As of October 1st, since 2007 the State Oil Fund of Azerbaijan has obtained $1,502.8 million in the framework of the development of the Shakh-Deniz deposit in the Azerbaijani sector of the Caspian Sea.
In January-September the incomings to the fund in the framework of Shakh-Deniz made up $289.8 million.
The reserves of Shakh-Deniz are assessed in 1.2 trillion cubic metres of gas.
The contract for development of the deposit was signed on June 4, 1996. The participants of the agreement are BP (the operator) – 25.5%, Statoil – 25.5%, NICO – 10%, Total – 10%, Lukoil – 10%, TPAO – 9% and SOCAR – 10%.
