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Sovereign Wealth Funds Briefing - Categorized | Performance

Azerbaijan’s State Oil Fund disburses over $15bln

Posted on 28 January 2010

From News.az: Azerbaijan’s State Oil Fund (SOFAZ) has published figures for its expenditure in its 10 years of existence. SOFAZ Executive Director Shahmar Movsumov said that in the past 10 years the fund spent AZN 12.3bn or $15.319bn, at the rate of 0.8029 manats to the dollar.

SOFAZ transferred AZN 10.265bn to the state budget. It allocated AZN 612.9m to improve the situation of refugees and IDPs and AZN 547.4m and AZN 364.5m to the Samur-Absheron water system and Oguz-Gabala-Baku water pipelines respectively………………………………..Full Article: Source

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