Baku 18° C
Assets of SOFAZ reach $58B
Finance
- 17 July, 2024
- 10:22
Add Report.az to preferred Google sources
Stay up to date with the top news!
As of July 1, 2024, the assets of Azerbaijan’s State Oil Fund (SOFAZ) amounted to $58 billion, having increased by 3.4% compared to the beginning of the year, Report informs, citing SOFAZ.
In January-June, SOFAZ budget revenues amounted to 9.25 billion manats ($5.44 billion), while expenses were 6.41 billion manats ($3.77 billion).
During the reporting period, SOFAZ’s income from the implementation of oil and gas contracts amounted to 6.44 billion manats ($3.78 billion). SOFAZ earned 2.82 billion manats ($1.65 billion) from managing funds.
Author
Latest News
17:55
Germany fails to meet gas storage target as winter approaches
Other countries
17:43
Trump says US still has 'to take care of' one or two targets in Iran
Other countries
17:31
US Marine arrested for alleged drunk driving during curfew in Japan
Other countries
17:21
Thousands join Indian opposition protest demanding poll chief's resignation
Other countries
17:05
Five killed in fresh ethnic violence in India's Manipur state
Other countries
16:46
IRNA: Iran submits evidence to IMO regarding US, Israeli attacks on country's maritime infrastructure
Region
16:27
Kate Douglass crushes 100m freestyle world record to cap short course swim trials
Individual sports
16:05
Wooden fuel vessel catches fire near Strait of Hormuz
Other countries
15:50
Photo
Azerbaijani Foreign Ministry staff participate in Victory Run in Baku
Individual sports