VOL. XLVI

No 28

14-July-2003

CASPIAN

BUDGETS AND REVENUES

Lukoil Bonus Payment For Yalama D-222 Puts Azerbaijans State Oil Fund At $809Mn

A bonus payment of $48.6mn paid by Russias Lukoil to Azerbaijan has increased the receipts of the State Oil Fund to $809mn, according to the Funds executive director, Samir Sharifov. Speaking to a group of non-governmental organizations (NGOs) in Baku on 2 July, Mr Sharifov said that as of 1 June, receipts had totaled $760.2mn, but that the bonus paid by Lukoil...