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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of December 29, 2015 No. 719

About the budget of the State oil fund of the Azerbaijan Republic for 2016

(as amended of the Presidential decree of the Azerbaijan Republic of 18.03.2016 No. 852)

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, for the purpose of forming of the budget of the State oil fund of the Azerbaijan Republic for 2016 and ensuring effective management of currency fund I decide:

1. Approve budget receipts of the State oil fund of the Azerbaijan Republic for 2016 in the amount of 4 578 474, 6 thousand manats, expenses - in the amount of 10 668 933, 7 thousand manats.

2. Determine that budget receipts of the State oil fund of the Azerbaijan Republic for 2016 are created due to the following receipts:

Sources of the income

Amount of the income
(one thousand manats)

2.1.

The net incomes gained from realization of the hydrocarbons falling to the share of the Azerbaijan Republic (less transport costs of hydrocarbons, expenses on bank, customs clearance, independent control (surveyor), 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)

3 875 682,4

2.2.

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

3 402,0

2.3.

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

19 278,0

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