Budget revenues of Azerbaijan State Oil Fund (SOFAZ) for the period of January-June, 2010 reached 6 101.2 million manats, while budget expenditures constituted 2 630.2 mln manats.
Revenue of 6 089.3 mln manats was received from implementation of oil and gas agreements, including 6 000.1 mln manats from the sale of profit oil and gas, 83.2 mln manats from state share in the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) Main Export Pipeline, 4.3 mln manats as transit payments, 0.9 mln manats from sale of assets received from foreign companies and 0.8 mln manats as acreage payments.
The revenues from managing assets of the Fund for the reporting period amounted to 11.9 mln manats.
As per 2010 budget of the Fund, 2 455.0 mln manats were transferred to the state budget. The expenditures in the amount of 34.0 mln manats were directed to financing of improvement of social conditions of refugees and internally displaced persons, 74.8 mln manats and 53.0 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. 1.5 mln manats were directed to financing Baku-Tbilisi-Kars railway and 2.8 mln manats to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015". The Fund's administrative and operational expenses in this period were 9.1 mln manats.
The Fund's extra-budgetary expenditures related to the revaluation of foreign exchange totaled 869.1 million manats. The assets of SOFAZ as of July 1, 2010 has grown by 21.6% compared to the beginning of 2010 (USD 14 900.4 mln) and stood at USD 18 122.3 mln.

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