$150bn to come to Azerbaijan's Oil Fund within 15 years

"Many countries own oil, gas and mineral resources while not all of them can effectively use this wealth for people, the resources go to perish and even trigger civil war," he noted.

Touching on the importance of The Extractive Industries Transparency Initiative put forward by UK Prime Minister Tony Blair at the World Summit on Sustainable Development in Johannesburg, highlighted the prudent use of natural resources, transparency, accountability and collaboration with stakeholders, saying the country ensured the full transparency of oil and gas revenues.

The fifteenth session of the Commission on Sustainable Development will take place in New York on April 30-May 11, 2007, APA U.S. bureau reports.