Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-December, 2014 reached 12 731.0 million manats, while budget expenditures constituted 10 117.2 million manats.

Revenue of 12 343.8 mln. manats was received from implementation of oil and gas agreements, including 12 319.8 mln. manats from the sale of profit oil and gas, 1.7 mln. manats as acreage fees, 8.9 mln. manats as transit payments, 13.3 mln. manats as bonus payments and 0.1 mln. manats from the sale of assets received from foreign companies.

The revenues from managing assets of the Fund for January-December 2014 amounted to 387.2 mln. manats.

As per 2014 budget of the Fund, 9 337.0 mln. manats were transferred to the state budget. The expenditures in the amount of 300.0 mln. manats were directed to financing the improvement of social-economic condition of refugees and internally displaced persons, 80.2 mln. manats were used for financing the reconstruction of the Samur-Absheron irrigation system. 57.1 mln. manats were directed to financing Baku-Tbilisi-Kars railway construction and 33.5 mln. manats were directed to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015". 223.5 mln. manats were allocated for financing the construction of “STAR” Oil Refinery Complex. 40 mln. manats were directed to financing the “Southern Gas Corridor” project. The Fund's administrative and operational expenses for the reporting period were 45.9 mln. manats.

The Fund's extra-budgetary expenditures related to the revaluation of foreign exchange totalled 1 611.9 million manats.

The assets of SOFAZ as of January 1, 2015 has grown by 3.42% compared to the beginning of 2014 (USD 35 877.5) and stood at USD 37 104.1 mln.