Baku:Azerbaijan has announced plans to allocate AZN 434 million for the reconstruction of the Heydar Aliyev Oil Refinery, APA reports.

According to Azeri-Press news agency, this funding is detailed in the draft law 'On the State Budget of the Republic of Azerbaijan for 2027.' The draft law has been submitted for consideration to the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis.

The allocation aims to finance the reconstruction project for the refinery in the upcoming year.