SOFAZ receives $452M in bonus payments

In 2022, the State Oil Fund of Azerbaijan (SOFAZ) received 768.7 million manats ($452.2 million) in bonus payments, Report informs, citing the results of the audit of the formation and use of funds of the State Oil Fund conducted by the Chamber of Accounts.

This forecast of 768.7 million manats ($452.2 million) was fulfilled at 100%.

Thus, the Fund received $450 million in bonus payments under ACG PSA, $200,000 on the Shah Deniz field, $2 million on the Neftchala field.