Bank Of Baku

Shahmar Movsumov: ‘Incomes of SOFAZ will increase’

Shahmar Movsumov: ‘Incomes of SOFAZ will increase’
# 05 June 2012 09:14 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. This year Azerbaijan will take base price of oil per barrel in state budget at $100 and it will increase incomes of SOFAZ, CEO of the SOFAZ said, APA reports.

To him, the Fund conducts its calculations on this price: ‘But the expenditures of the Fund will remain unchanged’.

Movsumov also added that in general state budget of Azerbaijan is resistant to falling and rising processes of oil price in the world market.
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