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Sovereign Wealth Funds Briefing - Categorized | Financials

Azerbaijani oil fund cites revenues from ACG, Shah Deniz projects

Posted on 29 August 2013

Since early 2001, the state oil fund SOFAZ, an entity that accumulates and manages Azerbaijan’s oil and gas revenues, has received over $89.428 billion within the implementation of the project on developing the giant Azeri-Chirag-Gunashli (AGC) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, SOFAZ told Trend news agency on August 28.
According to SOFAZ, from early 2013 to August 26 it has received over $10.657 billion under the ACG project. The ACG block of fields has been producing since 1997. The production started from the Chirag part of the field and continues successfully………………………………………..Full Article: Source


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