14:45 - 29.10.2026

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October 29, Fineko/abcnews. The Ministry of Finance of Azerbaijan has released the detailed revenue breakdown for the hydrocarbon sector in the state budget for the first nine months of 2026 (January–September).

According to official figures, transfers from the State Oil Fund of the Republic of Azerbaijan (SOFAZ) accounted for 74.5% (AZN 9 billion 628 million) of total oil and gas budget revenues, while tax authorities provided 25.5% (AZN 3 billion 302.5 million). Transfers from SOFAZ decreased by AZN 1 billion 232.7 million, or 11.4%, compared to the same period in 2025.

Within tax receipts from the oil and gas sector, corporate profit taxes from the Shah Deniz gas-condensate project formed the largest share at 46.6% (AZN 1 billion 539.8 million). Taxes paid by the State Oil Company of Azerbaijan Republic (SOCAR) represented 39.4% (AZN 1 billion 301.6 million), while profit taxes from the Azeri-Chirag-Gunashli (ACG) oilfields accounted for 14% (AZN 461.1 million).