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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

State Oil Fund of Azerbaijan’s spending scheme approved

Posted on 29 December 2009

From Apa.az: Azerbaijan’s President Ilham Aliyev has approved State Oil Fund of Azerbaijan’s main areas of spending in 2010.

According to the spending scheme, funds will be used for the improvement of social conditions and accommodation of refugees and internally displaced persons, transfers to the budget, construction of water supply pipeline to Baku from Oguz-Gabala zone, reconstruction of the Samur-Absheron irrigation system, the Baku-Tbilisi-Kars Railway Project and the State Programme for Study of Youth Abroad in 2007-2015…………………………………….Full Article: Source


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