18.07.2013 - Azerbaijan State Oil Fundís long-term assets exceed $ 1 bln in 2012
The assets of the State Oil Fund of Azerbaijan (SOFAZ) hit 26.9 billion manat in 2012 compared to over 23.5 billion manat in 2011, SOFAZ reported today. According to the report, about 26.01 billion manat of the total amount of assets fell to current assets and about 876.63 million manat - long-term assets. SOFAZ received 13.72 billion manat compared to 13.67 billion manat in 2011, the report said. SOFAZ's expenses hit 10.75 billion manat last year compared to 10.57 billion manat in 2011. SOFAZ was established in 1999. Its assets hit $271 million during that period...............................................Full Article: Source
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