Photo: SOFAZ’s assets exceed $37B / Economy news
20 October 2014, 13:13

SOFAZ’s assets exceed $37B

Third quarter budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) reached 10.131 billion AZN, while budget expenditures constituted 8.041 billion AZN, according to a message from the SOFAZ Oct.20. The official exchange rate is 0.7843 AZN/USD as of October 20. Revenue of 9.969 billion AZN was received from the implementation of oil and gas agreements, including 9.947 billion AZN from the...