Bank Of Baku

Azerbaijan to allocate AZN 434 million for reconstruction of Heydar Aliyev Oil Refinery

Azerbaijan to allocate AZN 434 million for reconstruction of Heydar Aliyev Oil Refinery
# 04 November 2026 11:12 (UTC +04:00)

The amount of funds to be spent on the reconstruction project of the Heydar Aliyev Oil Refinery next year has been announced, APA reports.

This is reflected in the draft law “On the State Budget of the Republic of Azerbaijan for 2027,” which was submitted for discussion at the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis.

According to the draft, AZN 434.0 million will be allocated to finance this project.

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