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Sovereign Wealth Funds Briefing - Categorized | Performance

Oil Fund of Azerbaijan has earned its first $1 bln from assets management

Posted on 22 October 2010

From Abc.az: The accumulated assets of the State Oil Fund of Azerbaijan (SOFAZ) will reach the size of country’s annual GDP in the medium-term perspective.
Yesterday at the Cabinet Ministers session presided by President Ilham Aliyev SOFAZ executive director Shahmar Movsumov stated that by 1 October the Fund earned its first $1 billion from the management of their assets in the entire history of SOFAZ existence……………………………………….Full Article: Source


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