Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2016 reached 6 618.6 million manat, while budget expenditures constituted 3 823.1 million manat.

Revenue of 5 883.8 mln. manat was received from implementation of oil and gas agreements, including 5 867.0 mln. manat from the sale of profit oil and gas, 0.1 mln. manat as bonus payments, 13.4 mln. manat as transit payments and 3.3 mln. manat as acreage payments.

The revenues from managing assets of the Fund for January-September 2016 amounted to 734.8 mln. manats.

The Fund's extra-budgetary revenues related to the revaluation of foreign exchange totalled 2 612.3 mln. manats.

As per 2016 budget of the Fund, 3 260.0 mln. manat were transferred to the state budget. The expenditures in the amount of 73.8 mln. manat were directed to financing the improvement of social-economic condition of refugees and internally displaced persons, 39.1 mln. manat were used for financing the reconstruction of the Samur-Absheron irrigation system. 48.6 mln. manat were directed to financing Baku-Tbilisi-Kars railway construction and 20.8 mln. manat were directed to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015". 241.9 mln. manat were directed to financing the “Southern Gas Corridor” project and 127.0 million manat for financing of the share of the Republic of Azerbaijan in the construction of “STAR” Oil Refinery Complex. The Fund's administrative and operational expenses for the reporting period were 11.9 mln. manat.

The assets of SOFAZ as of October 1, 2016 have increased by 6.7% compared to the beginning of 2016 (USD 33 574.1) and stood at USD 35 822.1 mln. (Of this ammount USD 33 949.6 million comprises the SOFAZ investment portfolio and the remanining USD 1 872.5 million is the amount of manat assets denominated in USD).