SOFAZ slightly increases assets in Q1

In the first quarter of 2022, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 0.5% to $45,264 million, Report informs referring to SOFAZ.

In January-March 2022, SOFAZ’s budget revenues amounted to 2,955,900 manats, budget expenditures to 2,764,500.

During the reporting period, SOFAZ's income in connection with the implementation of oil and gas agreements amounted to 4,616,700 manats, including profit from the sale of oil and gas - 3,845,600 manats, bonus payments – 765,300 manats, transit income – 5.8 million manats.