Bank Of Baku

SOFAZ income so far makes $ 40 bn

SOFAZ income so far makes $ 40 bn
# 11 October 2010 12:32 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Income of State Oil Fund of Azerbaijan totaled $ 40 bn and $20 bn of this was spent, SOFAZ Executive Director Shahmar Movsumov informed.

According to him half of the means is protected. Others were transferred to state budget and spent to the projects.

Besides, several projects are financed, he added.
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