SOFAZ TRANSFERS 370BN AZM TO PUBLIC BUDGET
The State Oil Fund of Azerbaijan (SOFAZ) transferred 370bn AZM to public budget in 2005, Samir Sharifov, the Executive Director of the SOFAZ, told journalists.
Thus, the SOFAZ remitted 49.33% of the entire transfer worth 750bn manats.
The SOFAZ remitted 115bn manats to the social welfare of refugees and internally displaced people, which comprises 56,931% of entire funds of 202bn manats assigned for this purpose.
70bn manats were directed at financing the share of Azerbaijan in the Baku-Tbilisi-Ceyhan oil pipeline project, whereas in 2005 it is planned to assign 205bn manats.