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Sovereign Wealth Funds Briefing - Categorized | Market

Azerbaijan creates new structure for effective management of energy projects

Posted on 20 March 2014

A Closed Joint-Stock Company (CJSC) for the effective management of projects comprising Shah Deniz and delivery of gas to Europe will be officially registered in Azerbaijan in the near future, SOCAR (the State Oil Company of Azerbaijan) Vice-President for Economic Affairs Suleyman Gasimov told Trend on March 17.
The State Oil Fund of Azerbaijan (SOFAZ) has been instructed to provide an equity financing for the CJSC, which is under direct state ownership. Funds to be provided to the company for financing the equity will provide a long term investment on return conditions………………………………………..Full Article: Source


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