SOFAZ Grows in Size

Posted on 11/05/2010

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) grew in assets under management to reach US$ 21.7 billion. Budget revenues from oil continued to pour in to augment SOFAZ’s growth. Since the beginning of the year, total assets has grown 45.8% more. Oil experts predict reserves will run out in around 26 years […]

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