| The State Oil Fund of Azerbaijan (SOFAZ) has summed up the results of the first 9 months of the year. The Fund reports that since early 2011 its assets have grown by 41.6% up to $32.2 bn. Over the reported period SOFAZ budget profitable part totaled AZN 11.8 bn and expenditure part AZN 4.366 bn.
SOFAZ revenues from oil and gas agreements amounted to AZN 11.668 bn, including from sale of profit oil and gas AZN 11.476 bn, price difference on Shah Deniz Project 1 AZN 101.7 million, BTC Co dividends AZN 66.8 million, transit fees AZN 5.5 million, acre payments AZN 1.2 million, bonuses AZN 15.7 million, transfer of assets of foreign investors AZN 1.2 million...............................................Full Article: Source
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