18.07.2013 - Ernst&Young: Asset management revenues Azerbaijan Oil Fund amounted 2.2pct in 2012
The State Oil Fund of Azerbaijan (SOFAZ) published its Annual Report 2012, audit of which was made by Ernst&Young. In accordance with report, the State Oil Fund’s assets under management increased by USD 4 329.4 million, or 14.5%, from USD 29 800.0 million to USD 34 129.4 million in 2012. “SOFAZ asset management revenues amounted to AZN 544.0 million or USD 693.5 million, yielding 2.2% rate of return in 2012” stated in the report...............................................Full Article: Source
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