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Sovereign Wealth Funds Briefing - Categorized | Performance

Assets of State Oil Fund of Azerbaijan increases 22 pct

Posted on 03 August 2010

From Trend.az: Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-June, 2010 reached 6 101.2 million manats, while budget expenditures constituted 2 630.2 mln. manats, SOFAZ reported on August 2.
Revenue of 6 089.3 mln. manats was received from implementation of oil and gas agreements, including 6 000.1 mln. manats from the sale of profit oil and gas, 83.2 mln. manats from State share in the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) Main Export Pipeline, 4.3 mln. manats as transit payments, 0.9 mln. manats from sale of assets received from foreign companies and 0.8 mln. manats as acreage payments……………………………………….Full Article: Source


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