Oil Fund of Azerbaijan has $ 32 billion assets

Oil Fund of Azerbaijan has $ 32 billion assets Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2011 reached 11 831.4 million manats, while budget expenditures constituted 4 366.7m manats. Revenue of 11 668.4m manats for the period of January-September, 2011 was received from implementation of oil and gas agreements, including 11 476.3m manats from the sale of profit oil and gas, 101.7m manats from difference in price... Read More