BAKU, Azerbaijan, October 29. Revenues to Azerbaijan’s state budget from the oil and gas sector in the period from January through September 2026 totaled 12.9 billion manat ($7.59, exceeding the forecast by 625.5 million manat, or 5.1%.
According to the Azerbaijani Ministry of Finance, 25.5% of the state budget’s oil and gas revenues, or 3.3 billion manat, came from tax authorities.
Another 74.5% or 9.62 billion manat came from a transfer from the State Oil Fund of Azerbaijan (SOFAZ).
"At the same time, the amount of the transfer from SOFAZ decreased by 1.23 billion manat, or 11.4%, compared to the same period in 2025.
Within the structure of oil and gas revenues collected by tax authorities, 39.4% or 1.3 billion manat consisted of relevant taxes paid by the State Oil Company of Azerbaijan (SOCAR).
Another 46.6%, or 1.53 billion manat, came from income tax related to the Shah Deniz gas condensate project, while 14%, or 461.1 million manat, came from income tax related to the Azeri-Chirag-Guneshli project," the ministry reported.
