Baku: A change of USD 1 in the oil export price could affect the revenues of the State Oil Fund of Azerbaijan (SOFAZ) by approximately USD 100 million, APA-Economics reports. This financial sensitivity is a crucial aspect of SOFAZ's budgeting strategy, as outlined in the Chamber of Accounts' review of SOFAZ's 2026 budget.

According to Azeri-Press News Agency, SOFAZ has based its 2026 budgetary planning on the assumption of a Brent crude oil price of USD 65 per barrel. This assumption aligns with forecasts from international financial institutions, which predict that oil prices will generally range between USD 60-65 in 2026. The Fund has identified the average annual export price of one barrel of oil as a critical factor in determining its revenue.

The report further explains that every USD 5 change in the average annual export price per barrel results in an approximately USD 0.5 billion fluctuation in SOFAZ's revenues. This indicates that for each USD 1 alteration in the oil price, there is an impact of USD 100 million on the Fund's revenue. The analysis underscores the importance of oil price assumptions in SOFAZ's financial planning and revenue projections for the future.