Bank Of Baku

Azerbaijan announces amount of funds for SOCAR’s participation in Southern Gas Corridor

Azerbaijan announces amount of funds for SOCAR’s participation in Southern Gas Corridor
# 29 September 2016 15:30 (UTC +04:00)

Investment expenditures will make up AZN 1.86 billion. From these expenditures, AZN 560 million or 30.1% will be spent on SOCAR’s participation in the Southern Gas Corridor, AZN 1.3 billion or 69.9% on funding of other important and priority projects.

 

From the capital expenditures, AZN 1,796,400,000 will be spent on special state procurements, reconstruction and repair of socio-cultural and housing, administrative, production-oriented projects, buildings and plants, roads and purchase of non-financial assets (main funds, buildings, residential and non-residential buildings).    

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