13.03.2014 - Oil Fund: Southern Gas Corridor to demand from Azerbaijan $2.5 bln of annual investment until 2019
The State Oil Fund of Azerbaijan (SOFAZ) begins forming the capital of the state company on the management of the Southern Gas Corridor project. SOFAZ executive director Shahmar Movsumov says that now the Fundís Supervisory Board is considering a change in the SOFAZ budget for 2014 for payment of the capital of this company. "$51 million to be financed for the gas project management company will be directed for the formation of its capital. These finances have not been envisaged in the Oil Fundís budget, and will be directed as long-term investments," Movsumov said...............................................Full Article: Source
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