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Sovereign Wealth Funds Briefing - Categorized | Performance

SOFAZ’s assets exceed $36 bln

Posted on 21 May 2014

The budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the period of January-March, 2014 reached 3,005.0 million manats, while budget expenditures constituted 2,443.3 million manats, according to a message from the SOFAZ.
Revenue of 3,006.8 mln. manats was received from the implementation of oil and gas agreements, including 2,991.2 mln. manats from the sale of profit oil and gas, 2.3 mln. manats as transit payments, 13.3 mln. manats as bonus payments. As per January-March 2014 budget of the fund, 2,342.6 mln. manats were transferred to the state budget…………………………………Full Article: Source


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