About USD 155 bln. entered to SOFAZ to date

  • 16:20 18 September 2019

About USD 155 bln. entered to SOFAZ to date

USD 154,6 bln. has entered to the State Oil Fund of the Republic of Azerbaijan (SOFAZ) up to date (June 30 of the current year), Israfil Mammadov, Deputy Executive Director of SOFAZ said at a round table titled "The Contract of the Century: A Great Basis for the progress of Azerbaijan",  ONA reports.

According to him, USD 148,3 bln. entered to SOFAZ are the funds received from the implementation of oil and gas projects.

“The rest USD 6,3 bln. are the proceeds from the fund management," Israfil Mammadov stated.

Deputy Executive Director also stated that last year SOFAZ's domestic expenditures became nearly USD 112 billion and USD 95,5 bln.of this fall on the transfers to the state budget.