The revenues from "Azeri - Chirag- Gyuneshli" in the SOFAR totaled nearly $ 99 billion.

Since early 2001 the State Oil Fund of Azerbaijan (SOFAR) has received $ 98 917.8 million as part of a project to develop oil and gas block of " Azeri – Chirag - Gyuneshli" (ACG) field in the Azerbaijani sector of the Caspian Sea, the fund told Trend on Friday.

The contract to develop large offshore ACG was concluded in 1994. The proved oil block is about one billion tons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer