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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Assets of the National Oil Fund to exceed $122 bln by 2016

Posted on 29 August 2013

Assets of the National Oil Fund will exceed $122 billion by 2016 says the Kazakhstan’s Minister of Economic Affairs and Budget Planning Erbolat Dossayev. “With the oil revenues at the planned level, the assets of the National Oil Fund will rise from $93.9 billion in 2014 to $122.1 billion in 2016”, the Minister said.
As of August 1, the assets of the National Oil Fund stand at $64.343 billion (11.39% up against the start of the year). The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil. The assets of the National Fund assets are monitored by the National Bank of the Republic of Kazakhstan………………………………………..Full Article: Source


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