19.09.2013 - Azerbaijani State Oil Fundís assets increase by 42.5 times for last 10 years
The assets of the State Oil Fund of Azerbaijan (SOFAZ) from 2003 to 2013 increased by 42.5 times, SOFAZ told Trend on Tuesday. At present, the amount of SOFAZ's assets hits $34.68 billion. For comparison, SOFAZ's assets hit $0.82 billion in 2003. The biggest growth was registered in 2008. SOFAZ's assets increased by 4.53 times (or by $8.74 billion) and hit $11.22 billion as of late 2008. For comparison, as of 2007 SOFAZ's assets hit $2.48 billion. SOFAZ was established in 1999, and its assets at that time amounted to $271 million. SOFAZ's assets reached $34.129.4 billion as of 2012...............................................Full Article: Source
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