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oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

Improving social conditions of refugees and internally displaced persons

Improving social conditions of refugees and internally displaced persons

Since 2001 State Oil Fund of the Republic of Azerbaijan (SOFAZ) has been allocating money for building housing and the improvement of socio-economic conditions of refugees and internally displaced persons who were forced to flee their native lands as a result of Armenian-Azerbaijan, Nagorno Karabakh conflict. SOFAZ's assets were utilized for high-rise buildings, private residential houses, social and cultural objects, construction of infrastructure and other facilities in order to settle of refugees and IDPs in the districts of Aghdam, Fuzuli, Bilasuvar, Goranboy, Sabirabad, Aghjabadi, Beylagan, Gabala, Shamkir, Aghstafa, Ismayilli, Imishli, Goygol, Barda, Oghuz, Shaki, Gadabay, Saatly, Hajiqabul, Balaken, Qazakh, Zaqatala,Terter, Goychay, Ujar, Kurdamir and Samukh regions, Nakhchivan Autonomous Republic, Baku, Ganja, Mingachevir, Sumgait, Yevlakh, Shirvan and also in PirAllahi, Sabunchu, Absheron and Binagadi region, Mehdiabad, Ramani, Mushfigabad, Masazir, Pirshaghi, Fatmayi, Kurdakhani and Umid districts.

Resources allocated for the above mentioned projects are transferred by SOFAZ to the state treasury accounts of the State Committee for Refugees and Internally Displaced Persons, as well as the Social Development Fund for Internally Displaced Persons based on their written, substantiated requests and subsequently disbursed to the contractors by the implementing agencies. The Social Development Fund for Internally Displaced Persons under the Cabinet of Ministers of the Republic of Azerbaijan is the executing agency for projects associated with resolution of settling problems of internally displaced persons and refugees. The executing agency is responsible for overall supervision of project implementation, carrying out tenders and other relevant proceedings, organization and coordination of works through site offices.

Since 2001 (up to December 30, 2020) SOFAZ's financial support to measures related to refugees and IDP's totals 2 702.7 mln. manats, including 200.0 mln. manats during 2020.

Information as of March 31, 2021 about the facilities constructed as per the Presidential Decrees and Directives

*Including 320 houses, the construction of which is not completed (Decree No 562) and construction of 100 houses in Nakhchivan (Decree No 132)

Full information as of March 31, 2021 about the houses, infrastructure, including social and cultural facilities constructed as per the Presidential Decrees and Directives



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