TODAY.AZ / Business

SOFAZ revenues and expenditures reach AZN 730.7m and 606.8m

01 November 2006 [14:18] - TODAY.AZ
Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2006 reached AZN 730.7m, while budget expenditures constituted AZN 606.8m, SOFAZ Executive Director Shahmar Movsumov stated at media briefing today.

He said that revenues of AZN 684.3m was received from implementation of oil and gas agreements, including AZN 670m from the sale of profit oil and AZN 10.9m as transit fees, AZN 1.8m as bonus payments, AZN 1.2m as acreage payments and AZN 0.4m from assets provided by foreign investors.

He also said that SOFAZ also received AZN 5.1m from SOCAR as the difference value between crude oil contract price and domestic retail price.

The revenues from managing assets of the Fund for the reporting period amounted to AZN 41.3m, APA reports.

URL: http://www.today.az/news/business/32063.html

Print version

Views: 2072

Connect with us. Get latest news and updates.

Recommend news to friend

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

See Also