SOFAZ and Italian Strategic Fund Plan to Sign MoU on LT Investments

The State Oil Fund of Azerbaijan (SOFAZ) is near completing a Memorandum of Understanding with the Fondo Strategico Italiano (FSI), also known as the Italian Strategic Fund. The MoU will highlight a number of new long-term investment projects. Fondo Strategico Italiano is keen on partnering with sovereign wealth funds on investments. The fund has signed a number of agreements with wealth funds such as the Qatar Investment Authority (QIA).

The MoU is expected to be signed in September 2015.

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