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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Azerbaijani State Oil Fund announces assets increase forecasts

Posted on 11 May 2012

Over the next 10-15 years, the State Oil Fund’s (SOFAZ) assets will reach $ 200 billion, SOFAZ Chief Shahmar Movsumov said in an interview with The business year.
He said that, according to forecasts, SOFAZ assets will reach a level of $ 34 billion by the end of 2012, compared to $ 29.8 billion last year. “This forecast is made based on the rate of $ 100 per barrel of oil,” Movsumov said………………………………………..Full Article: Source


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