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Sovereign Wealth Funds Briefing - Categorized | Financials

Azeri Oil Fund to help finance $8bln pipeline project

Posted on 07 November 2012

The head of Azerbaijan’s $33 billion state-run oil fund said Tuesday that the fund has agreed to help finance an $8 billion natural gas pipeline project that will transport gas to European markets, according to media reports.
Shahmar Movsumov, head of the State Oil Fund of Azerbaijan, said in a meeting of the Azerbaijan Parliament that the fund will begin financing the Trans-Anatolian pipeline project, known as TANAP, in 2013, local media reported Tuesday………………………………………..Full Article: Source


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