Budget revenues of Azerbaijan`s State Oil Fund (SOFAZ) for the period of January-June, 2011 reached 7827.2 million manats, while budget expenditures constituted 2593.1 mln manats.
Revenue of 7692.2 mln manats for the period of January-June, 2011 was received from implementation of oil and gas agreements, including 7518.1mln manats from the sale of profit oil and gas, 101.7 mln manats from difference in price from the phase I of Shah Deniz, 66.8 mln manats from dividends on Azerbaijan`s State participation share in the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) Main Export Pipeline, 3.8 mln manats as transit payments, 1.2 mln manats as acreage payments and 0.6 mln manats from sale of assets received from foreign companies.
The revenues from managing assets of the Fund for the reporting period amounted to 135.0 mln manats.
The Fund`s extra-budgetary revenues related to the revaluation of foreign exchange totalled 482.4 million manats.
As per execution of 2011 Fund`s budget 2 461.0 mln manats were transferred to the state budget. The expenditures in the amount of 47.2 mln manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 64.1 mln manats and 2.3 mln manats were accordingly used for financing the reconstruction of the Samur-Absheron irrigation system and financing construction of the Oghuz-Gabala-Baku water supply system. 4.6 mln manats were directed to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015". 9.3 mln manats were directed to financing Baku-Tbilisi-Kars railway.
The Fund`s administrative and operational expenses for current period were 4.6 mln manats.
The assets of SOFAZ as at July 1, 2011 has grown by 33.3 % compared to the beginning of 2011 (USD 22 766.8 mln) and stood at USD 30 357.5 mln.

AzerTAc