In reporting year, revenues (transit fee) of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from the transfer of oil and gas through the territory of Azerbaijan amounted to USD 4,2 million or AZN 7,2 million, APA-Economics reports.
According to the auditor's report of the Chamber of Account of Azerbaijan, the reason for the sharp decrease in the revenues from the transfer of oil and gas through the territory of Azerbaijan is due to the ongoing conflicts related to the events in Ukraine and suspension of transportation on the Western Export Pipeline (Baku-Supsa - ed.) as a result of transportation restrictions in the Black Sea.