SOFAZ Reports 13.8% Decrease in Oil and Gas Revenues for First Half of 2026

Baku: In January-June of 2026, the revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from oil and gas agreements decreased by 13.8 percent compared to 2025, totaling 4 billion 953.4 million manats.

According to Azerbaijan State News Agency, SOFAZ's report on revenues and expenditures for January-June of 2026 indicated that revenues from the sale of profit oil and gas amounted to 4 billion 947.6 million manats, reflecting a 0.53 percent decrease. Bonus payments and transit revenues reached 0.9 million manats, increasing by 1.4 percent, while acreage account payments remained stable at 4.9 million manats.