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SOFAZ allocates 307 mln AZN for Southern Gas Corridor project

During January-June 2015 Fund's administrative and operational expenses were 13.7 million manats

Baku. 23 July. REPORT.AZ/ In the first half of this year, the State Oil Fund of Azerbaijan (SOFAZ) transferred 3 561,6 million manats to the state budget as part of the implementation of 2015 budget. Report was told in press service of SOFAZ.

According to the information, 89.8 million manats were directed to financing the implementation of measures to improve social condition of refugees and IDPs and 46.5 million manats for the reconstruction of the Samur-Absheron irrigation system. 

307.4 mln. manats were directed to financing the “Southern Gas Corridor” project. Fund's administrative and operational expenses for the reporting period were 13.7 mln. manats. 

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