Baku 21° C
SOFAZ: Crude oil price’s being higher than base price creates condition for increase of assets
Finance
- 03 November, 2018
- 08:15
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 3 November. REPORT.AZ/ Base price of crude oil in the budget of the State Oil Fund of Azerbaijan (SOFAZ) is $55 as is in the state budget. Crude oil price’s being higher than base price creates condition for increase of assets, SOFAZ told Report.
‘As of October 1, 2018 SOFAZ’s assets stood at $38,987,700,000. It will depend on oil price and volatility in the financial markets how this figure will be at the end of the year’, the Fund said.
Upon the decree of the President, SOFAZ’s budget revenues make up AZN 15.3 billion, expenditures – AZN 11.48 billion.
Author
Latest News
23:57
The Hill: North Korean hackers may be behind Binance cyberattack
Other countries
23:42
US begins evacuating diplomats from Saudi Arabia
Other countries
23:22
US State Department approves sale of 500 Patriot missiles to Ukraine for $2.1B
Other countries
23:01
Three soldiers drown during military exercise in Uruguay
Other countries
22:47
UAE says oil leak from Gem No. 2 tanker has been stopped
Energy
22:35
FBI and US Secret Service launch investigation into Binance hack
Other countries
22:07
Costa: We are deepening political partnership with Canada
Other countries
21:56
US Treasury extends NIS operating license
Other countries
21:36
Brnabic: Serbia must hold presidential election by December 27
Other countries