Report on SOFAZ’s revenues for 9 months published


October 22, Fineko/abc.az. Budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) for Jan-Sept 2021 reached AZN 10.4 bn, while budget expenditures constituted AZN 7.328 bn, ABC.AZ informs with reference to SOFAZ’s report.

According to the report, revenue of AZN 8.178 bn was received from the implementation of oil & gas agreements, including AZN 7.38 bn from the sale of profit oil and gas, AZN 772 million as bonus payments, AZN 16.5 million as transit payments, and AZN 5.3 million as acreage fee.

The revenues from managing SOFAZ’s assets for Jan-Sept 2021 amounted to AZN 2.266 bn.