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State Oil Fund of Azerbaijan to save up to $2B in 2016

State Oil Fund of Azerbaijan to save up to $2B in 2016

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Date: 21 December 2015 15:07

Baku, Azerbaijan, Dec. 21

Trend:

The State Oil Fund of Azerbaijan (SOFAZ) will save nearly $2 billion due to the devaluation of the manat in 2016, SOFAZ told Trend Dec. 21.

SOFAZ has covered all expenditures for the current year, including transfers to the state budget.

Story still developing

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