SOFAZ APPROVES 2008 BUDGET
President of Azerbaijan Ilham Aliyev signed December 26 the Decree approving budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the year 2008 including AZN 3 609 361,0 thousand in revenues and AZN 1 680 853,6 thousand in expenditures. The revenues includes hydrocarbons’ transportation costs, banking expenses, customs costs, independent surveyor, marketing and insurance costs, and also revenues from the SOCAR’s share in the projects as investor, shareholder or partner.
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