Azerbaijan: SOFAZ’s yield from big oil project nears $120 billion
Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields totaled $119.779 billion from 2001 to August 1, 2016. SOFAZ said its revenues from the project totaled $2.77 billion in January-July. Out of this, $465 million accounted for July. A contract…