oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

SOFAZ 2020 budget execution approved

The President of the Republic of Azerbaijan approved the budget execution of SOFAZ for the year 2020 by the Order dated June 25, 2021.

According to the Order, SOFAZ’s budget revenues and expenditures in 2020 were approved in the amount of 9 360 769.8 thousand manats and 12 425 288.5 thousand manats, respectively.