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Sovereign Wealth Funds Briefing - Categorized | Financials

SOFAZ reveals profits from major energy projects

Posted on 17 November 2016

Azerbaijan’s state oil fund SOFAZ has revealed the volume of profits it received from the major energy projects in January-October 2016. Thus, SOFAZ received $64 million from the sale of profit oil from profitable gas condensate field “Shah Deniz”.
The total revenues from the “Shahdeniz” amounted to$2.506 billion from 2007 to November 1, 2016. Also from 2001 to November 1, 2016, $121.30 billion entered to SOFAZ from Azeri-Chirag-Guneshli (ACG) field. SOFAZ received $4 .21 billion from ACG project, during January-October of this year…………………………………….Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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