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Oil revenues are kept and used quite effectively. An integral part of Heydar Aliyev’s oil strategy is the fair distribution of oil revenues among Azerbaijani citizens, their importance in the country’s further development and their preservation for generations to come. To this end, the State Oil Fund of Azerbaijan was set up. It is a transparent organization that meets all international standards. This is the people’s money. For this reason, the public is regularly informed about the work of the fund. Every citizen should know about the sum of his country’s currency resources and how and where these resources are spent.

From the speech at his inauguration
30.10.2003
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