State Oil Fund to repay $102 million to SOCAR
Shahmar Movsumov, the Executive Director of SOFAZ, said the incomes came from profit oil sales during 1999-2002 were accumulated in the SOFAZ while the funds have been repaid since 2003.
He added that the SOFAZ will pay $102.2 million to the State Oil Company for 2007.
As of June 1, a total of 1.8 billion was accumulated in the SOFAZ. /APA-Economics/
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