Close this search box.

SOFAZ assets increase by 8.9%

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reports that on December 31, 2022, SOFAZ assets increased by 8.9% compared to the beginning of 2022 (45 025.1 million US dollars) and amounted to 49 033.6 million US dollars.

During the period of January-December 2022, the budget revenues of SOFAZ amounted to 9 586.0 million manats, and the budget expenses amounted to 4 699.0 million manats.

During the period of January-December 2022, the revenues of SOFAZ related to the implementation of oil and gas agreements are 20 480.4 million manats, including 19 698.9 million manats from oil and gas profits, bonus payments amounted to 768.7 million manats, transit revenues amounted to 7.2 million manats, acre account payments amounted to 5.6 million manats.

Source: Azerbaijan State News Agency