VOL. XLIV

No. 04

22-January-2001

CASPIAN

Azerbaijan Sets Up State Oil Fund

Azerbaijani President Haydar Aliev has signed a decree establishing a State Oil Fund into which the government is to deposit all revenues from upstream oil and gas projects. The decree states that the fund will be used for the countrys social and economic progress and solving the most important national problems, as well as financing construction and repairs of strategic facilities. The decree was originally issued by...