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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

SOFAZ spends half of its revenue obtained from 1999

Posted on 12 October 2010

From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) has already spent half of incomings, received by it from the moment when the fund was set up in December, 1999.
On October 11, SOFAZ executive director Shahmar Movsumov said in the parliament, for all period of activity the fund has been obtained approximately $40 billion of incomes……………………………………….Full Article: Source

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