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.