Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for development of the Azeri-Chirag-Gunashli (ACG) block of fields totaled $119.314 billion from early 2001 to July 1, 2016, SOFAZ told Trend.

SOFAZ said its revenues from the project totaled $2.305 billion in H1 2016; out of this, $504 million accounted for June.