Aliyev Approves 2010 SOFAZ Budget

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BAKU, Azerbaijan

Azerbaijani President llham Aliyev approved 2010 budget of the State Oil Fund of Azerbaijan Republic (SOFAZ), which totaled $7.4 billion USD. The fund will allocate $249 million USD for the OguzGabala Water Supply System to Baku and $137 million USD for reconstruction of the Samur-Absheron Irrigation System, among other projects.