Baku, Azerbaijan, Dec. 30
The projected total cost (average weighed volume) of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) for 2016 has been set at 51.3 billion manats.
On Dec.29, the president of Azerbaijan issued a decree on the approval of main directions (of the program) of using SOFAZ funds for 2016.
The forecast for 2015 was formed at the level of 28.2 billion manats, for 2014 - 27 billion manats, for 2013 - 25.2 billion manats, for 2012 - 23 billion manats.
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