| The assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 6.7% for Jan-Sept 2016. According to the Fund, its assets for the reported period grew from $33.57 bn up to $35.82 bn. SOFAZ revenue was estimated at AZN 6.618 bn and expenditures at AZN 3.82 bn.
The basis of revenue for the past 3 quarters included revenue within the PSA contracts (AZN 5.88 bn), including AZN 5.867 bn from the sale of oil and gas, AZN 100,000 of bonuses, AZN 13.4 million from transit fees, and AZN 3.3 million of acre payments. The revenues from Fund’s managing assets amounted to about AZN 734.8 million........................................Full Article: Source
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