09.02.2012 - SOFAZ assets reach $30 bln
Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-December, 2011 reached 15,628.3 million manats, while budget expenditures constituted 9,606.6 mln. manats. Revenue of 15,451.9 mln. manats was received from implementation of oil and gas agreements, including 15,257.5 mln. manats from the sale of profit oil and gas, 101.7 mln. manats from difference in price from the phase I of Shah Deniz, 66.8 mln. manats from Azerbaijan’s State participation share in the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) Main Export Pipeline, 7.5 mln. manats as transit payments, 1.3 mln. manats as acreage payments, 15.7 mln. manats as bonus payments and 1.4 mln. manats from sale of assets received from foreign companies...............................................Full Article: Source
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