In July of this year, revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the sale of profit oil from the block Azeri-Chirag-Guneshli (ACG) decreased by 7.7% or $ 39 million to $ 465 million.
As Turan was told in the press service of the State Oil Fund, for the first 7 months of this year the Oil Fund received $ 2 billion 770 million from the ACG project.
Note that according to the consortium’s forecasts, the ACG production will begin to decline in September and, as a result, this will affect the Oil Fund’s income in Q4 of this year.
Table of the State Oil Fund’s Monthly Profit from ACG in 2016
|
Months |
Profit of the state from ACG (millions of USD) |
Average price for BTC FOB Ceyhan ($ per barrel) |
|
January |
442 |
32.33 |
|
February |
348 |
33.43 |
|
March |
347 |
39.80 |
|
April |
356 |
43.02 |
|
May |
308 |
48.11 |
|
June |
504 |
49.41 |
|
July |
465 |
46.95 |
|
Total |
2,770 |
41.86 |
In general, from 2001 to August 1, 2016 SOFAZ revenues from the sale of profit oil from ACG amounted to $ 119 billion 779 million. --12B--
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