SOFAZ makes public main directions of expenditures for 2012

State Oil Fund of Azerbaijan Republic plans to transfer AZN 9.905 bln to the state budget, said the SOFAZ Executive Director Shahmar Movsumov at the joint meeting of parliament’s committees.

Totally, SOFAZ expenditures on 2012 will make AZ 10.482 bln. Of this, AZN 110 mln will be allocated to improvement of states of IDPs, AZN 200 mln – to Samur-Absheron irrigation system, AZN 252 mln - to Baku-Tbilisi-Kars project AZN 15 mln – to education of Azerbaijani youths in abroad.

Movsumov also underlined that, SOFAZ had received $64 bln so far and current assets made $34 bln.


/APA/