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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Kazakhstan expects oil fund to reach $100 bln by 2015

Posted on 29 August 2012

Kazakhstan’s government expects assets held by its sovereign wealth fund to more than double to $100 billion by 2015, Economic Development and Trade Ministry said in a statement distributed today in the capital, Astana.
The value of assets held by the National Oil Fund reached $53.3 billion in July, the Central bank said Aug 6. Kazakhstan, which holds about 3 percent of the world’s oil reserves according to BP Plc (BP/), created the National Oil Fund in 2000 to guard against declines in the price of crude………………………………………..Full Article: Source


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