14.07.2015 - SOFAZ reveals volume of ACG project revenues
Azerbaijan’s state oil fund SOFAZ received some $114 billion from the implementation of the project for development of Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea from early 2001 to July 1, 2015. SOFAZ said it received $3.721 billion in H1 of 2015, including $650 million in June within the ACG project, SOFAZ told Trend. The contract for development of ACG field was signed in 1994. The proven oil reserve of the block nears 1 billion metric tons...............................................Full Article: Source
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