BAKU, Azerbaijan, December 14. In the approved budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for 2022, the amount of income related to the implementation of oil and gas agreements is estimated at the level of some 15.789 billion manat ($9.26 billion), Advisor to the Executive Director of SOFAZ Bahruz Bahramov said in an interview with Trend.
According to him, from January through September 2022, the fund's budget received a total of 15.789 billion manat ($9.26 million) from the implementation of the oil and gas agreements. By the end of the year, it is predicted that this amount will reach 19.972 billion manat ($11.7 billion).
"With the full implementation of SOFAZ's approved expenditures for 2022, the assets of the fund will total about $47 billion," said the advisor to the executive director.