08.12.2011 - State Oil Fund to have assets of $30bln by year end
By the end of the year, the assets of the State Oil Fund of Azerbaijan (SOFAZ) will be at least $30bn, its CEO Shahmar Movsumov has said. He noted that the fund has not yet executed all transfers to the state budget envisaged for that year: “After the transfers, the SOFAZ assets will be at least $30bn”. Movsumov also said that if the oil price next year makes up $80 per barrel, the SOFAZ assets in 2012 will remain changeless at $30bn...............................................Full Article: Source
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