Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-June, 2013 reached 6 726.4 million manats, while budget expenditures constituted5 791.2 million manats.

Revenue of6 488.7mln. manats was received from implementation of oil and gas agreements, including6 482.8mln. manats from the sale of profit oil and gas, 1.7 mln. manats as acreage fees,3.9 mln. manats as transit payments, 0.3 mln. manats as bonus payments and0.04 mln. manats from sale of assets received from foreign companies.

The revenues from managing assets of the Fund for January-June 2013 amounted to237.7mln. manats.

As per 2013 budget of the Fund, 5 534.6mln. manats were transferred to the state budget. The expenditures in the amount of 157.5 mln. manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 74.0 mln. manats were used for financing the reconstruction of the Samur-Absheron irrigation system. 2.9 mln. manats were directed to financing Baku-Tbilisi-Kars railway and 6.3 mln. manats were directed to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015". The Fund's administrative and operational expenses for this period were 15.9 mln. manats.

The Fund's extra-budgetary expenditures related to the revaluation of foreign exchange totalled521.6million manats.

The assets of SOFAZ as at July 1, 2013 has grown by1.6%compared to the beginning of 2013 (USD 34 129.4 mln.) and stood at USD34 678.4 mln.

Starting from the first quarter of 2012 the Oil Fund has begun purchase of gold and the amount of gold as of July 1, 2013 was 22 tons 399 kg (720 146 ounces).