SOFAZ Revenues Fund Irrigation, Supply Systems

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BAKU, Azerbaijan

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) transferred $3.1 billion USD to the state budget for the period of January-June 2010.

Of this amount, $93 million USD was to be use for reconstruction of the SamurAbsheron irrigation system and construction of the Oghuz-Gabala-Baku water supply system.