oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

George Bush considers establishment of SOFAZ as an example for other resource-rich countries

13 Dec 2006 11:00:00

George Bush considers establishment of SOFAZ as an example for other resource-rich countries

13 Dec 2006 11:00:00
The US President George Bush declared December 8, 2006 that he supported political and economic reforms implemented in Azerbaijan, accepting credentials of the Ambassador Plenipotentiary of the Republic of Azerbaijan to the USA in White House, AzerTAC informed.

Having highly valued friendship between USA and Azerbaijan, George Bush, said: "Azerbaijan, which created national oil fund for providing transparent distribution of income from functioning Baku-Tbilisi-Ceyhan pipe-line, may serve as an example for other natural resource-rich countries". The US President expressed his confidence in increasing role of our country as supplier and transit country within European energy corridor.

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