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Azerbaijani president approves country’s state oil fund’s budget for 2016

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Date: 29 December 2015 18:17

Baku, Azerbaijan, Dec. 29


The budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2016 has been approved by a decree of Azerbaijani President Ilham Aliyev.

SOFAZ revenues for 2016 have been defined at 6.711.564 billion manats, expenditures – 8.181.400 billion manats, according to the approved budget.

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