Azeri State Oil Fund reports $3.07b of revenue from ACG in Jan.-May
01.07.2015 18:30
The State Oil Fund of Azerbaijan (SOFAZ) had revenue of $3.07 billion from the sale of crude oil from the Azeri-Chirag-Guneshli (ACG) block of fields in the Caspian Sea in the first five months of the year, the fund said.
Revenue from ACG was $549 million in May alone.
Between 2001 and June 1 2015, SOFAZ received $113.3 billion in revenue from ACG, it said.
ACG is being developed by a group led by BP. Partners include Azerbaijan’s SOCAR, Norway’s Statoil, Turkey’s TPAO, Japan’s Itochu, India’s ONGC Videsh and US companies Chevron and Exxon Mobil.
www.ann.az
Similar news
Similar news
Latest news 
More news
Photo 
Video 
