According to the statement of Azerbaijan`s State Budget 2007, transfers of SOFAZ (State Oil Fund of Azerbaijan) have been determined at the level of 585 m. AZN. The same level of the allocations was envisaged in State Budget 2006. Meanwhile, the next year, SOFAZ is about
to transfer the State Budget's currency incomes which are expected to be sent to a special account in the Fund to the State Treasury after converting them into the National currency.
The next year, the price of oil has also been determined at the level of $50 per barrel. The mechanism on allocating additional returns gained from oil was decided to be kept at the prior, Trend reports referring to a budget statement that was officially published. The draft On State Budget 2007) envisages that 50 percent from additional returns will be sent to SOFAZ if the oil price is between $40 and $50 per barrel, and 75 percent if the price exceeds $50.