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SOFAZ shares estimates on oil price volatility for 2022-25

Finance Materials 9 September 2021 20:30 (UTC +04:00)
SOFAZ shares estimates on oil price volatility for 2022-25

BAKU, Azerbaijan, Sept. 9

By Zeyni Jafarov - Trend:

If oil prices fall to $45 per barrel in 2022, the assets of the State Oil Fund of Azerbaijan (SOFAZ) will decrease to $41.1 billion, Trend reports.

The price per barrel of oil of $40 was taken as the base indicator for 2021, and the forecast for SOFAZ assets varied at the level of $42.7 billion

In 2020, the assets of the State Oil Fund of Azerbaijan increased by $241 million, or 0.6 percent, in annual terms - from $43.3 billion to $43.5 billion.

The projected level of assets of the State Oil Fund of Azerbaijan at various base oil prices in 2022-2025 is presented below.

Year

Base price per barrel of oil

The volume of transfers of the State Oil Fund of Azerbaijan to the state budget (in $ billion)

2022

$45

41.1

$35

39.5

$25

37.9

2023

$45

40.3

$35

37.1

$25

33.8

2024

$45

39.7

$35

34.8

$25

29.9

2025

$45

39.2

$35

32.7

$25

26.1

Over the last seven months of 2021, SOFAZ's assets, having increased by 1.24 percent, reaching $44.1 billion.

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