Incomes to the State Oil Fund of Azerbaijan made up $105 bln.

As of September 1st, 2014 the State Oil Fund of the Republic of Azerbaijan received $105.802 billion since 2001 within the framework of AChG development in the Azeri sector of the Caspian Sea. Trend reports.

The contract on the development of the large offshore field development was signed in 1994. The proven oil reserves make up about 1 billion tons.

The participation interest is the following: BP (operator of AChG) – 35.78 %, Chevron – 11.27 %, Inpex – 10.96%, AzACG – 11.65%, Statoil – 8.56 %, Exxon – 8%, ТРАО – 6.75%, Itocu – 4.3 % and ONGC – 2.72%.

“The Fund received $10.770 billion within the period from January1 to September 1st 2014 within the frame of “AChG” project,” they said in the Fund.

The State Oil Fund was established in 1999. Its assets made up $271million then.