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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

State Oil Fund of Azerbaijan to increase up to $12 bln in 2010

Posted on 24 July 2009

From Abc.az: International rating agency Standard & Poor’s has published its outlook “How does Azerbaijan react to the world economic crisis?”

Then outlook says that if prices for oil increase and expenditures do not exceed the oil price level stipulated in State Budget, then by the end of 2009 volume of finances in State Oil Fund of Azerbaijan will grow up to $11.5-12 bn versus $11.2 bn in December 2008………..Full Article: Source


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