74.0 % of SOFAZ’s 2019 revenue will be transferred to the state budget in Azerbaijan

74.0 % of SOFAZ’s 2019 revenue will be transferred to the state budget in Azerbaijan Transfer to the state budget will reach 98.0 % of total fund’s expenditure The 2019 budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has been approved. According to the budget, SOFAZ’s revenues for 2019 will be at 15 billion 450 million manat ($ 9.08 billion US), expenditures will be 11 billion 595 millon manat ($ 6,820 billion US). SOFAZ’s revenues from the sale of profitable... Read More