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Sovereign Wealth Funds Briefing - Categorized | Performance

State Oil Fund’s assets grow to $15 bln in Azerbaijan

Posted on 30 December 2009

From News.az: The assets of the State Oil Fund of Azerbaijan have risen 55 times to $15 bn within 10 years of activity.

“During SOFAZ’s creation in December of 1999 the fund’s assets made $271 mln. Through 10 years the overall volume of fund’s assets has reached $15 bn”, said Shahmar Movsumov SOFAZ chief executive in his article published in official press Tuesday…………………………………….Full Article: Source

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