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

State Oil Fund of Azerbaijan to save up to $2B in 2016
15:07 21 Dekabr 2015
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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.

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