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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

SOFAZ to inject over AZN 2bln to investment projects in 2013

Posted on 07 November 2012

In 2013, the State Oil Fund of Azerbaijan (SOFAZ) will direct AZN 2,149bn for investment projects. This was announced by Finance Minister Samir Sharifov at a meeting of the parliamentary committee on the state budget for 2012.
He also noted that, in general, in 2013 SOFAZ transfers to the state budget will amount to AZN 11.350bn. He stressed that, in comparison with 2012, SOFAZ transfers to the state budget will increase by AZN 1,445 bn………………………………………..Full Article: Source


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