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Oil Fund earns nearly AZN 8 billion from oil and gas sales

Source: APA ·

Oil Fund earns nearly AZN 8 billion from oil and gas sales
Photo: APA

Azerbaijan's State Oil Fund (SOFAZ) received approximately $4.6 billion in net revenues from the sale of state-owned hydrocarbons as of October 15, 2026, the fund told APA-Economics in response to an inquiry.

According to the fund, net revenues of $5.03 billion (AZN 8.55 billion) from the sale of state-owned hydrocarbons are projected for 2026. The annual plan for this indicator has been fulfilled by 91%. According to calculations, this amounts to approximately $4.6 billion, or AZN 7.8 billion.

SOFAZ noted that net revenues from the sale of hydrocarbons corresponding to the state's profit share are formed on the basis of actual sales prices, after deducting the relevant sales expenses.

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This story was automatically summarised and translated from APA. All rights to the story belong to its source.

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