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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Azerbaijan State Oil Fund’s assets rose up to $33.1 bln

Posted on 23 October 2012

The State Oil Fund of Azerbaijan (SOFAZ) has announced the growth of its assets by 11.4% for Jan-Sept 2012. The Fund informs that over the first three quarters of the year SOFAZ assets rose up to $33.19 bn versus AZN 29.8 bn by early 2012.
For Jan-Sept 2012 Fund’s revenues amounted to AZN 10.076 bn and expenditures AZN 7.5 bn. Since the first quarter the Fund also started buying physical gold, and as of 1 October SOFAZ assets in gold totaled 10,891 tons or 350,146 ounces………………………………………..Full Article: Source


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