OREANDA-NEWS. November 02, 2011. State Oil Fund of Azerbaijan (SOFAZ) is planning minimal surplus of its budget for 2012- AZN 200 million.

Today in Baku the Fund’s Executive Director Shahmar Movsumov has reported that next year the Fund’s revenues will total AZN 10.6 bn and expenditures – AZN 10.4 bn with oil price USD 80 per barrel.

" The budget for next year contains transfer sum to state budget for AZN 9.9 bn",- Sh. Movsumov noted.