SOFAZ reveals earnings from ACG field in January-June

In the first six months of 2024, the State Oil Fund of Azerbaijan (SOFAZ) received an income of roughly $3.01 billion from the Azeri-Chirag-Gunashli (ACG) block of fields, located in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.

This is $342.7 million, or 10.24%, less year-on-year.

ACG participating interests are: bp (30.37%), SOCAR (25.0%), MOL (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), TPAO (5.73%), ITOCHU (3.65%), and ONGCVidesh (2.31%).