29.01.2014 - SOFAZ increases assets by over 5 pct
The assets of Azerbaijani state oil fund SOFAZ has increased by 5.1 percent as of January 1, 2014, compared to the same period of 2013 and stood at over $ 35.877 billion. SOFAZ said the budget revenues of the fund exceeded 13.6 billion manats while the budget expenditures amounted to over 12.3 billion manats in January-December 2013. Some 13.12 billion manats of the budget revenue was received from the implementation of oil and gas agreements in the reported period...............................................Full Article: Source
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