The report also says that SOFAZ’s revenues from asset management amounted to $688.5 million in 2016. The Fund’s assets were invested in fixed income, equities, real estate and gold. The average annual rate of return from SOFAZ’s investment portfolio was 1.92 percent in 2016.
During the period, bonus payments to SOFAZ in connection with oil and gas contracts amounted to $51,300.
In 2016, SOFAZ obtained $11.3 million as transit fees for the transportation of oil and gas through the territory of Azerbaijan by the Azerbaijan International Operational Company (AIOC).
Moreover, $2.1 million of acreage fees was transferred to SOFAZ in accordance with the offshore exploration and production sharing agreement between SOCAR and the oil company co-owned by SOCAR and BP Exploration Limited (Azerbaijan) over the Shafag-Asiman field in the Azerbaijani sector of the Caspian Sea.
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