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Sovereign Wealth Funds Briefing - Categorized | Investment

Azerbaijan: $40bln paid into State Oil Fund

Posted on 12 October 2010

From News.az: Some $40bn have been transferred to the State Oil Fund since it was created at the end of 1999, its executive director, Shahmar Movsumov, said.
“Of this sum, the oil fund has spent $20bn, which means that we have managed to preserve slightly more than half of the reserves we have received,” Movsumov said……………………………………….Full Article: Source

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