oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

The Decree of the President of the Republic of Azerbaijan on the Amendments to the Budget of the State Oil Fund of the Republic of Azerbaijan for 2007 (26.12.2007)

To accelerate building of new settlements for internally displaced persons and completely eliminating of temporary tent camps it is hereby decreed:

1. In accordance with the "Regulations on the State Oil Fund of the Republic of Azerbaijan" approved by Decree No. 434, dated December 29, 2000, of the President of the Republic of Azerbaijan, and paragraphs 5.4.1. and 5.4.2. of the "Rules on the preparation and execution of the annual program of revenues and expenditures (budget) of the State Oil Fund of the Republic of Azerbaijan" approved by Decree No. 579, dated September 12, 2001, of the President of the Republic of Azerbaijan, taking into consideration the application of the Executive director of the State Oil Fund of the Republic of Azerbaijan and the opinion of the Supervision Board, to make the following amendments to Decree No. 505, dated December 28, 2006, of the President of the Republic of Azerbaijan on the "Approval of the Budget of the State Oil Fund of the Republic of Azerbaijan for 2007" to change the figure "124 161,0" with the figure "154 161,0" in the first row, to change the figure "183 620,0" with the figure "173 620,0" in the third row, to change the figure "50 000,0" with the figure "30 000,0" in the fifth row of the table in paragraph 3 of the Decree.

2. The Executive director of the State Oil Fund of the Republic of Azerbaijan shall be assigned to resolve issues arising from this Decree.

3. This Decree shall come into effect from the day it is signed.

Ilham Aliyev,

The President of the Republic of Azerbaijan

Baku,December 26, 2007