73% of funds paid to SOFAZ were spent

Baku. 11 July. REPORT.AZ/ Since 2001, the $ 142.1 bln were paid to the State Oil Fund of the Azerbaijan Republic (SOFAZ).

Report informs, Deputy CEO of State Oil Fund Israfil Mammadov said at Baku Summer Energy School at ADA University.

According to him, 73% of this amount or 104.28 billion dollars were spent: “In 2001-2018, 27% of the funds or $ 37.8 billion paid to SOFAZ were collected”.