ECONOMY


AZERI STATE OIL FUND`s REVENUES ‘EXCEEDED $10bn’ LAST YEAR

Baku, January 26 (AZERTAC). Revenues of Azerbaijan`s State Oil Fund exceeded 10 billion dollars in 2009, executive director Shahmar Movsumov told a press conference.

According to Movsumov, the fund`s spending made $6.6 billion.

The fund`s executive director also highlighted Azerbaijan`s economic achievements, saying the country made “good progress despite last year marked global financial and economic crisis”.

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