The State Oil Fund of Azerbaijan (SOFAZ) earned $102.812 billion exploiting the Azeri-Chirag-Guneshli Field (ACG) from early 2001 to July 1, 2014, and $7.78 billion more from January 1 to July 1, 2014, Trend reports.The ACG contract was signed in 1994. The field has about 1 million tons of oil reserves. DP (operator) owns a share of 35.78% in the project, Chevron 11.27%, Inpex 10.96%, AzACG 11.65%, Statoil 8.56%, Exxon 8%, TPAO 6.75%, Itocu 4.3%, ONGC 2.72%.The SOFAZ was founded in 1999. Its assets increase from $271 million in 1999 to over $36.6 billion on April 1, 2014.
The State Oil Fund of Azerbaijan (SOFAZ) earned $102.812 billion exploiting the Azeri-Chirag-Guneshli Field (ACG) from early 2001 to July 1, 2014, and $7.78 billion more from January 1 to July 1, 2014, Trend reports.
The ACG contract was signed in 1994. The field has about 1 million tons of oil reserves. DP (operator) owns a share of 35.78% in the project, Chevron 11.27%, Inpex 10.96%, AzACG 11.65%, Statoil 8.56%, Exxon 8%, TPAO 6.75%, Itocu 4.3%, ONGC 2.72%.
The SOFAZ was founded in 1999. Its assets increased from $271 million in 1999 to over $36.6 billion on April 1, 2014.
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