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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Azerbaijan State Oil Fund’s assets rose up to $32.359 bln

Posted on 20 April 2012

The State Oil Fund of Azerbaijan (SOFAZ) has announced the growth of its assets by 8.6% in the 1st quarter of 2012. According to the Fund, over the 1st quarter SOFAZ assets in the base currency rose from $29.8 bn up to $32.359 bn. For Jan-Mar 2012 Fund’s revenues amounted to AZN 3.586 bn and expenditures AZN 1.919 bn.
Revenues were received due to oil and gas contracts (AZN 3.35 bn), including AZN 3.349 bn from sale of profit oil and gas, AZN 1.3 million from transit fees, AZN 1.6 million from payment of bonuses, AZN 100,000 from sale of the assets transferred by foreign companies. ……………………………………….Full Article: Source


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