Transfers from Oil Fund to State Budget to Be Reduced
The Government of Azerbaijan plans in 2019-2021 to reduce transfers from the State Oil Fund (SOFAZ) to the state budget by 28.8% – up to…
Government Assesses Risks Associated with Oil Prices
The Azerbaijani government notes the existence of a number of internal and external fiscal risks that may have a direct and indirect impact on the…
Assets of State Oil Fund Increased by 0.55%
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…
SOFAZ to Spend $437 mln on Construction of Oil Refinery
On October 4, Azerbaijani President Ilham Aliyev approved changes in the budget of the State Oil Fund (SOFAZ) of Azerbaijan for 2017. According to the…
Revenues to Oil Fund Amounted to $ 131 Bn in 2001-2016
The volume of revenues to the State Oil Fund of Azerbaijan (SOFAZ) in 2001-2016 amounted to $ 130.8 billion, the Fund’s annual report for 2016…
New advisor of CEO appointed in Azerbaijan’s State Oil Fund
Nargiz Nasrullayeva-Muduroglu has been appointed as Advisor of CEO of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), SOFAZ said June 12. Prior…
Net Profit of Azerbaijan within Framework of ACG Grows by More Than 42%
For the first quarter of 2017, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) within the Azeri-Chirag-Guneshli (ACG) project amounted to $ 1…
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