In January-February of this year (01.01.2022-01.01.2023), the revenues of the Azerbaijan State Oil Fund (SOF) from the Azeri-Chirag-Guneshli (ACG) field block amounted to 1,324 mln.

USD.

which is 1.3% more than the year.

According to the information given to "APA-Economics" by SOFAZ, in the same period of 2022, the said indicator is 1,307 mln.

was at the level of US dollars.

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.