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Azerbaijan Oil Fund`s income announced - about AZN 20 bn

28.02.2020,12:10


February 28, Fineko/abc.az. Budget revenues of the State Oil Fund (SOFAZ) for 2019 amounted to AZN 19.30 bn and budget expenditures AZN 11.59 bn.

ABC.AZ reports that SOFAZ's revenues for 2019 relating to the implementation of oil & gas agreements amounted to AZN 15.404 bn, including from the sale of profit oil and gas for AZN 14.614 bn, bonus payments AZN 766.4 million, acre payments AZN 4.7 million, transit revenues AZN 18.9 million.

Over the past year the revenues from management of SOFAZ funds amounted to AZN 3.625 bn (19.1% of total revenues).

Due to the difference in exchange rates, SOFAZ's extra-budgetary revenues reached AZN 731.7 million.