The State Oil Fund of Azerbaijan Republic (SOFAR) was created by presidential decree on December 29, 1999 and is accountable only to it. The SOFAR website says that the Fund accumulates revenues from the implementation of oil and gas contracts, in particular, from the sale of profitable state oil, transit tariffs for the transportation of oil and gas through the country, and from the rental of state property.That is, leasing state-owned real esta...

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