SOFAZ sovereign wealth oil fund holds proceeds from oil contracts, oil and gas sales, transit fees and other revenue.

The U.S. embassy said the parliamentary vote doing away with the office of the State Inspector General undermined Georgia’s efforts to build durable, transparent democratic institutions.

Azerbaijan’s Energy Ministry welcomed the decision and is now scheduled to produce 668,000 bpd in February.

Gross domestic product (GDP) grew by 10.7 percent year-on-year in January-November after contracting 5.9 percent in the same period a year earlier.