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ORDER OF THE PRESIDENT OF THE AZERBAIJAN REPUBLIC

of June 24, 2015 No. 1288

About budget implementation of the State oil fund of the Azerbaijan Republic for 2014

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, according to the "Provision on the State oil fund of the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of December 29, 2000 No. 434 and "Rules of creation and execution of the program of the annual income and expenses (budget) of the State oil fund of the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of September 12, 2001 No. 579, considering the solution of the Supervisory board of the State oil fund for the report prepared in connection with budget implementation of the State oil fund of the Azerbaijan Republic for 2014 and the conclusions by the international auditing organization about financial activities of Fund, I decide:

Approve budget implementation of the State oil fund of the Azerbaijan Republic for 2014 as 7 thousand manats, expenses 10 117 207, 4 thousand manats, or at the 109,5 level of percent on the income and 95,5 of percent on expenses of the Fund which is rather provided by the budget for 2014 are provided below, with the income 12 731 016,:

Serial No.

Indicators

in thousands of manats

Income total:

12 731 016,7


including:


1.

The net incomes gained from sale of the hydrocarbons falling to the share of the Azerbaijan Republic (less expenses on transportation of hydrocarbons, banking expenses, expenses on customs clearance, independent control (serveyer), marketing and insurance, and also except for the income falling on investments or equity of the State Oil Company of Azerbaijan Republic in projects in which it is investor, the unitholder or the partner)

12 319 846,6

2.

The Poakrovy payments paid by investors for use of contract area in connection with development of hydrocarbonic resources

1 661,1

3.

Income gained from oil transportation and gas on the territory of the Azerbaijan Republic

8 910,2

4.

Bonuses (awards) paid by investors of the State Oil Company of Azerbaijan Republic or to authorized state bodies in connection with signing or execution of oil and gas agreements

13 344,3

5.

Income gained from management of means of the State oil fund

387 204,8

6.

Other income and receipts

49,7

Expenses total:

10 117 207,4


including:


1.

Financing of some measures connected with social problems and questions of arrangement of refugees and displaced persons

299 998,2

2.

Transfer in the government budget of the Azerbaijan Republic for 2014

9 337 000,0

3.

Financing of the project of reconstruction of Samur-Absheronsky irrigating system

80 220,9

4.

Financing of the project of the new railroad of Baku-Tbilisi-Kars

57 040,3

5.

Financing "The state program on training of the Azerbaijani youth in foreign countries in 2007-2015"

33 493,7

6.

Financing of share of the Azerbaijan Republic in the construction project of petrochemical complex Star in the Republic of Turkey

223 538,3

7.

Direct financing of the shares of the private companies founded for the purpose of project management of the second operational phase of the gas-condensate Shah-Denise field, expansion of the Southern Caucasian pipeline, the Trans-Anatoliysky gas pipeline and the Trans-Adriatichesky gas pipeline which are in state-owned property

39 999,3

8.

The expenses connected with management of the State oil fund of the Azerbaijan Republic

45 916,7

President of the Azerbaijan Republic

Ilham Aliyev

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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