Bank Of Baku

Azerbaijan to allocate AZN 450 million for reconstruction of Heydar Aliyev Oil Refinery

Azerbaijan to allocate AZN 450 million for reconstruction of  Heydar Aliyev Oil Refinery
# 23 October 2025 15:54 (UTC +04:00)

Next year, 450 million manats are projected to be allocated for the financing of the reconstruction project of the Heydar Aliyev Oil Refinery, APA-Economics reports.

100 million manats are planned to be allocated next year for expenses related to Azerbaijan’s share in the charter capital of international investment and development funds co-founded by the Republic of Azerbaijan, 250 million manats for the “Automobile Roads” Targeted Budget Fund, 85 million manats for increasing the charter capital of the Mortgage and Credit Guarantee Fund of the Republic of Azerbaijan, and 373 million manats for other projects.

 

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