15:31 - 3.05.2021

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May 3, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has published budget revenues for the 1st quarter of 2021.

ABC.AZ reports with reference to SOFAZ that Fund’s budget revenues for the reported term amounted to AZN 3.18 bn and budget expenditures AZN 2.519 bn.

Over Jan-Mar SOFAZ received AZN 2.468 bn in connection with the implementation of oil and gas agreements, including profit of AZN 1.696 bn from the sale of oil and gas, AZN 765.9 million from bonus payments, and AZN 5.6 million from transit.

The income from the management of SOFAZ’s funds amounted to AZN 714 million.