TODAY.AZ / Business

State Oil Fund incomes increase

21 April 2006 [13:31] - TODAY.AZ
USD 1.4 milliard money was saved up to the state oil-fund. About USD 12 million was brought, using fond capitals during the first term.

Meanwhile, the budget revenue of the state oil fund was 221.4 million AZN and expenses were 168.7 million AZN. During the accounting period, 209.9 million manat was got from operating oil contracts, 207.3 million manat from selling profit oil and 2.6 million manat was got from using Azerbaijan area as a transit country in transporting oil by Baku-Supsa pipeline.

And 11.5 manat was got, using oil fund capitals during the last term. Meanwhile, oil fund allocated 21.2 million manat for improving refugees' and IDP's life conditions and for 21.7 million AZN for financing Baku-Tbilisi-Jeyhan pipeline. Besides, 125 million manat was allocated to the state budget. Meanwhile, 600.000 manat was spent on reconstruction of Samur-Absheron irrigation system and for construction of water-piping from Oquz-Gabala zone to Baku. And 200.000 AZN was spent on ruling the fund during this period, ANS reports.


Print version

Views: 1487

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: