The budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2012 was approved by a decree of President Ilham Aliyev on 29 December. Under the decree, SOFAZ budget revenues in 2012 will amount to AZN 10.697 bn and expenditures AZN 10.56 bn.
As a result, the SOFAZ budget surplus is expected at AZN 135.726 million or 1.27% of its expected revenues. The budget was passed with oil export price forecast at $80 per barrel………………………………………..Full Article: Source