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SOFAZ Received Most of Its Returns Gained from Oil Sales in December, 2006

Oil&Gas Materials 30 January 2007 20:48 (UTC +04:00)

SOFAZ received returns gained from profitable oil sales in 2006 to the sum of $1 005, 354 mln. Trend reports. Shahmar Movsumov, the SOFAZ Executive Director, said during today press-conference dedicated to the results of 2006 and plans for 2007, that most part of the returns was received by the Fund in December, 2006 ($146 845,954 thousand) and August, 2006 ($125 833,324 thousand). Due to changes in the oil sale volumes, SOFAZ received the least returns in October, 2006 ($44 635,297 thousand) and April, 2006 ($47 805,002 thousand).

The following tendency formed in the other months of 2006: January - $84 117,264 thousand, February вЂ" $65 503,888 thousand, March вЂ" $77 271,726 thousand, May вЂ"

$99 881,296 thousand, JuneвЂ" $81 997,865 thousand, July вЂ" $66 985,946 thousand, September вЂ"

$96 675,575 thousand, and November вЂ" $67 800,513 thousand.

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