Last year (from 01.01.2022 to 01.01.2023), the revenues of the Oil Fund of the Republic of Azerbaijan (ORF) from the Azeri-Chirag-Guneshli (ACG) field block amounted to 9,889 mln.

US dollar, which is 65.7% more than the year.

According to the information provided to "APA-Economics" by SOFAZ, in 2021, the mentioned indicator will be 5,968.4 million.

was at the dollar level.

It should be noted that the share distribution in ACG is as follows: BP – 30.37% (operator), AzACG (SOCAR) – 25.00%, MOL – 9.57%, "Inpex" – 9.31%, "Equinor" (formerly Statoil) – 7.27%, ExxonMobil – 6.79%, TPAO – 5.73%, Itochu – 3.65% and ONGC Videsh Ltd.

(OVL) – 2.31%.

The agreement between the parties was valid for 30 years (it was supposed to expire in 2024).

Nevertheless, on September 14, 2017, the government of Azerbaijan and SOCAR, together with international partner companies, signed an amended and revised agreement on joint development of ACG and production sharing.

The new agreement, covering the development of ACG until 2050, will make it possible to significantly increase the bloc's development potential by the middle of the century.