Incomes of State Oil Fund of Azerbaijan decreased by more than twice
During 6 months, 2015 only 4,054,000,000 AZN ($3.9 billion) has been transferred to the State Oil Fund of Azerbaijan Republic (SOFAZ), reads the SOFAZ’s second quarter report.
During the same period last year the Fund’s incomes totaled 6,493,600,000 AZN or $8.3 billion. As compared to last year the incomes in AZN decreased by 33% and in USD by 2.1 times.
During 2014 SOFAZ’s total incomes reached $16.2 billion.—0—
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- Economics
- 27 July 2015 15:01
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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