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Sovereign Wealth Funds Briefing - Categorized | Performance

State Oil Fund’s total revenue hits $60bln

Posted on 28 September 2011

The State Oil Fund of Azerbaijan, SOFAZ, has received $60bn from the oil and gas industry since its creation in 2000, the fund’s CEO has said.
Shahmar Movsumov gave the figure at a round table discussion at the Ministry of Industry and Energy on Tuesday to mark the 20th anniversary of the independence of Azerbaijan. The round table was entitled “The industrial and energy complex on the way to new achievements”, 1news.az reported……………………………………….Full Article: Source


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