04.09.2014 - SOFAZ earns huge profit from ACG, Shah Deniz projects
Azerbaijan's state oil fund SOFAZ has gained over $105.802 billion from 2001 to September 1, 2014 by implementing the project of developing the giant Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea. "The fund received $10.77 billion from January to September 1, 2014 within the framework of ACG project," SOFAZ told Trend Agency on September 2. The ACG block of fields has been active since 1997. Production started from the Chirag part of the field. It was followed successfully by Azeri Project; Central Azeri production in February 2005, West Azeri in December 2005, and East Azeri in October 2006...............................................Full Article: Source
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