Oil Fund’s head: Sofaz revenues from profit oil sale to grow by 1.8%


November 5, Fineko/abc.az. The revenues of the State Oil Fund of Azerbaijan (Sofaz) are likely to amount to AZN 15.579 bn in 2019.

Sofaz executive director Shahmar Movsumov stated that in particular, revenues from the sale of profit oil and gas will total AZN 13.218 bn.

"Sofaz revenues will increase by 28.4% versus 2017 and by 1.8% against 2018," Movsumov emphasized.