Non-oil revenues of Oil Fund exceeded USD 3 bln. last year

Non-oil revenues of Oil Fund exceeded USD 3 bln. last year
# 10 June 2022 13:19 (UTC +04:00)

Average annual net income price of crude oil has been 63.5% more as compared to the annual price, considered in the budget of Fund, APA reports citing the opinion to the annual report of the Chamber of Accounts "On the implementation of the budget of the State Oil Fund of the Republic of Azerbaijan for 2021."

Additionally, USD 3 208,9 mln. has been obtained from sale of profit oil and gas regarding an increase of oil price in 2021 by USD 25.4 in comparison with the forecast, as well as additional USD 1 486,98 million has been obtained from management of currency assets of the Fund against the forecast, which have caused an increase in surplus implementation of Fund budget and volume of assets.

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