Azerbaijan’s State Oil Fund assets is $32.6bn

Azerbaijan’s State Oil Fund assets is $32.6bn In the first half of 2012, the budget revenues of the State Oil Fund of Azerbaijan made AZN 7,391,900,000 and expenses-AZN 4,878,100,000. Chief executive of the State Oil Fund of Azerbaijan Shahmar Movsumov said that in the reporting period the revenues from the implementation of oil and gas contracts made AZN 7,099,800,000, including AZN 7,091,400,000 from the sale of profit oil and gas. As of 1 July, the transit revenues made... Read More