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SOFAZ Allocated Over $1 Billion USD for Water Projects

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Azerbaijan's State Oil Fund (SOFAZ) has transferred some $12.8 billion USD to the state budget since it was launched 10 years ago. Of this, some $682 million USD and $454 million USD, respectively, were spent on the Samur-Absheron water system and Oguz-Gabala-Baku water pipelines.

Source: Azerbaijan Business Center