Taken from preliminary data, in 2007 the dividends from the Baku-Tbilisi-Ceyhan (BTC) for payment of tariffs under the oil pumping via BTC will comprise approximately $80 mln, Trend reports.
Shahmar Movsumov, the Executive Director of the State Oil Fund of Azerbaijan (SOFAR) stated at a news conference on 1 November that some $15 mln of the total will fall on Azerbaijan.
The funds were not included in the SOFAR budget, as they were too low. The revenue will be remitted to the SOFAR budget, he stated.
Within the framework of a strategy on management of long-term and medium-term oil revenue, the Azerbaijan Government has prepared 3 scenarios on oil revenues. .
The scenario is to develop on the basis of three different oil prices - $40, $50 and $60 per barrel. The approximate income will consist of $8 bln to $15 bln. The highest amount of revenue can be observed in different years. All depends on world oil prices and the volume of oil production, he stated.
Movsumov noted that the highest revenue will be attained in 2009-2011.