16:55 - 1.08.2023

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August 1, Fineko/abc.az. In the scenario of $60 a barrel of crude oil, taking into account actual revenues in 2023, it is projected that the assets of the State Oil Fund will amount to $51.7 bn by January 1, 2024, ABC.AZ reports with reference to the Ministry of Finance.

Each change in the price of crude oil by $10 by January 1, 2024 leads to an increase or decrease in the assets of the State Oil Fund by about $700 million compared with the scenario of the price of a barrel of crude oil at $60. 

So, as of January 1, 2024, SOFAZ assets in case of the scenario of $60 are expected to amount to $50.3 bn ($1.4 bn less than in case of scenario of $40). And in the scenario of $80 - in the amount of $53.1 bn, which is $1.4 bn more.