SOFAZ to Invest Some Funds on Investment Projects

The State Oil Fund of Azerbaijan (SOFAZ) will allocate AZN 2.149 billion for investment projects in 2013. Azerbaijan’s Finance Minister Samir Sharifov made the announcement at a recent parliamentary committee meeting on the state budget for 2012.

In September 30, 2012, SOFAZ had 1.35% allocated to equities and 1.86% allocated to gold, the rest was in fixed income and cash.

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