Trend: Azerbaijani State Oil Fund announces volume of revenues from Shah Deniz project
As of December 1, 2014, the revenues of the State Oil Fund of Azerbaijan from the implementation of the Shah Deniz oil and gas condensate field project in the Azerbaijani sector of the Caspian Sea amounted to about $2.088 billion since 2007, the The State Oil Fund of the Republic of Azerbaijan (SOFAZ) told Trend.
Shah Deniz's reserves are estimated at 1.2 trillion cubic meters of gas. A contract was signed on June 4, 1996 to develop the Shah Deniz offshore field.
SOFAZ received $491 million within the Shah Deniz project from January 1 to December 1, 2014, SOFAZ reported.