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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Azerbaijan’s Oil Fund may transfer up to 60pct of its investment portfolio to foreign managers

Posted on 08 January 2013

Azerbaijani President Ilham Aliyev approved the main directions (program) of the State Oil Fund of Azerbaijan (SOFAZ) for 2013. SOFAZ investment program 2013 composes the following areas of expenditure:
financing of activities related to social welfare issues and accommodation of refugees and IDPs; transfer to the state budget; financing for the project of reconstruction of the Samur-Absheron irrigation system; funding for the project of new railway Baku-Tbilisi-Kars; financing of the State Program on education of Azerbaijan youth abroad in 2007-15;……………………………………….Full Article: Source


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