In January-September 2014 revenues of the State Oil Fund of Azerbaijan (SOFAR) amounted to 10 131 900 000 manat. Over the same period of last year, revenues in the SOFAR were at 10 086.0 million manat, today's statement of SOFAR.
Comparative classification of income of SOFAR over the first nine months
Classification of income | January – September 2014 | January – September 2013 |
Income from realization of oil and gas contracts | 9 969,6 million manat | 9 774,8 million manat |
Including selling of profitableoil and gas | 9 947,8 million manat | 9 766,8 million manat |
Income from transit | 6,8 million manat | 6,0 million manat |
Per acre payments | 1,7 million manat | 1,7 million manat |
Bonus payments | 13,3 million manat | 0,3 million manat |
Income from control funds of SOFAR | 162,3 million manat | 311,2 million manat |
From the table it is clear that the management of the SOFAR compared to the same period of last year fell by half. This sharp decline may be due to the investment of approximately $500 million in the Russian market. -12D--
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