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Sovereign Wealth Funds Briefing - Categorized | Performance

Assets of Azerbaijan State Oil Fund reached $22 bln

Posted on 05 November 2010

From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) has announced of 46% rise in assets. The SOFAZ informs that since early 2010 its assets grew by 45.8% and as of 1 October reached $21.7 billion compared to $14.9 billion by the beginning of the year.
Over the past three quarters of 2010, the Fund received AZN 9.578 billion of revenues, while its expenditures totaled AZN 3.9 billion. Current net surplus (AZN 5.6 billion) exceeded expenditures……………………………………….Full Article: Source

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