Assets of State Oil Fund Increased by 0.55%
2017 October 20 ( Friday ) 13:52:42
Baku / 21.10.17 / Turan: As of October 1, 2017, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by $ 2.873 billion, or 8.7%, to $ 36.02 billion, as compared to the beginning of the year.
In comparison with the same period last year, SOFAZ assets grew by 198 million dollars or 0.55%.
This is stated in the message of SOFAZ.
The budget revenues of SOFAZ in January-September of this year amounted to 8.793 billion manat, and the expenses totaled 6,911.7 million manat.
Over the reporting period, SOFAZ's revenues from the sale of oil and gas contracts amounted to 7,976.7 million manat, including revenues from the sale of profitable oil and gas - 7,957.8 million manat, bonus payments of 2.4 million manat, transit revenues - 12.9 million manat, and acreage payments - 3.6 million manat.
SOFAZ's revenues from managing its own funds for January-September amounted to 816.7 million manat, and off-budget revenues of the Fund from the exchange rate difference for the first nine months - 582.4 million manat.
Transfers to the state budget amounted to 4.3 billion manat. Expenses for measures to improve the social status of refugees and IDPs amounted to 82.5 million manat, financing of the reconstruction project of the Samur-Absheron irrigation system - 39.5 million manat, financing the implementation of the state program for 2007-2015 to train Azerbaijani students abroad - 11.2 million manat, and transfers to the Central Bank of Azerbaijan in order to ensure macroeconomic stability of the country amounted to 2.448 billion manat.
The expenses for managing the Fund in January-September amounted to 13 million manat. -71D-