| The State Oil Fund of Azerbaijan (SOFAZ) received $2.39 billion from the implementation of the project for development of Shah Deniz gas and condensate field in the Azerbaijani sector of the Caspian Sea from 2007 to Oct.1, 2015, SOFAZ told Trend.
SOFAZ said it has received $274 million within the Shah Deniz project in Jan.-Sept. of 2015. The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field’s reserve is estimated at 1.2 trillion cubic meters of gas. The shareholders are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NICO (10 percent) and TPAO (19 percent)...............................................Full Article: Source
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