26.07.2011 - Over 67pct of Azerbaijan Oil Fundís investments placed in Europe
The State Oil Fund of Azerbaijan (SOFAZ) gives preference to investments in Europe. The SOFAZ reports as of 1 July 67.11% of its investments will be carried out in Europe. North America accounts for 13.99% of investments, developing countries for 7.6% and international financial institutions for 6.11%. SOFAZ investment portfolio exceeded $30.348 bn or 99.97% of assets (over $30.357 bn) by the reported date. .............................................Full Article: Source
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