Baku/20.12.13/Turan : President Ilham Aliyev approved the budget of the State Oil Fund of Azerbaijan (SOFAR ) in 2014.
SOFAR revenues are projected in the amount of 11,626,943,400 manats, and the expenses should be 11,349,934,800 manats.
In 2013, the revenues of SOFAR were projected as 11,482,040,400 manats, and the expenses - as 13,403,099,400 manats. -03D-
Economics
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a significant increase in its assets, reaching $58,000.6 million as of June 30, 2024.
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