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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Volume of revenues to Azerbaijani State Oil Fund from Shah Deniz project exceeds $1.4 bln

Posted on 29 August 2013

As of August 26, around $1 467.6 million has come into Azerbaijan’s State Oil Fund since 2007, supporting the implementation of the project to develop the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea, the State Oil Fund told Trend on Wednesday.
According to the report, the volume of revenue to the State Oil Fund within the Shah Deniz project amounted to $254.6 million from the beginning of this year to August 26. Shah Deniz reserves are estimated at 1.2 trillion cubic meters of gas. The contract to develop the offshore Shah Deniz field was signed on June 4, 1996………………………………………..Full Article: Source


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