SOFAZ received more than USD 2.2 bln. this year

SOFAZ received more than USD 2.2 bln. this year
  • Clock-gray 12:59
  • calendar-gray 06 April 2020

State Oil Fund of the Republic of Azerbaijan (SOFAZ) has received USD 2.219 mln in total in regard with sale of oil and gas on January-March months of this year, SOFAZ told APA-Economics.

According to the SOFAZ, USD 1 763 mln. of total received fund has fallen to the share of profit oil and gas sales.

It has been noted in the information net average price of oil in the first quarter of this year made up USD 59.

Furthermore, expenditures of the SOFAZ on that period were USD 2 763 mln. (AZN 4 697 mln.).

Emil Ismayilov

Other news