Search keyword: The State Oil Fund

In January-March 2024, the budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 5,268.3 million manats ($3.1 billion), and the budget expenses made up 3,205.4 million manats ($1.9 billion), respectively, down 31.1% and up twofold from the previous year, Report informs, citing the Fund

Of this, 83.1%, or $57,372,800,000, fell to the share of the State Oil Fund of Azerbaijan, while 16.9%, or $11,654,400,000 – to the share of the Central Bank of Azerbaijan (CBA). In eth first quarter of 2024, the currency reserves of the country increased by $1,344,500,000, or 2%.

As of April 1, 2024, the assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $57,372.8 million, Report informs, citing the Fund. This is an increase of $1.303 billion, or 2.3%, compared to the indicator as of January 1, 2024.

In January-March 2024, the revenue of the State Oil Fund of Azerbaijan (SOFAZ) from Shah Deniz gas and condensate sales amounted to $78.5 million, $567.86 million, or 8.2 times, less than the same period in 2023, Report informs, citing the Fund.

In the first three months of 2024, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $1,447.8 million from the Azeri-Chirag-Gunashli (ACG) block of fields, located in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.

In January-March of this year, the Central Bank of Azerbaijan (CBA), together with the State Oil Fund (SOFAZ), sold $1,835.8 million (+97.6 or nearly 2 times) in currency auctions, Report informs, citing the CBA. In March alone, the amount of currency sales was $498.3 million (+29.8%).

In January-February 2024, the revenue of the State Oil Fund of Azerbaijan (SOFAZ) from Shah Deniz gas and condensate sales amounted to $78.5 million, $456.26 million, or 6.82 times, less than the same period in 2023, Report informs, citing the Fund.

In January-February of this year, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $862 million from the Azeri-Chirag-Gunashli (ACG) block of fields, located in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.

In January-February of this year, the Central Bank of Azerbaijan (CBA), together with the State Oil Fund (SOFAZ), sold $1,337.5 million (+2.45 times) in currency auctions, Report informs, citing the CBA. In February alone, the amount of currency sales was $920.5 million (+2.6 times).

In January of this year, the State Oil Fund of Azerbaijan (SOFAZ) received an income of $387.645 million from the Azeri-Chirag-Gunashli (ACG) block of fields located in the Azerbaijani sector of the Caspian Sea, Report informs, citing SOFAZ.