SOFAZ assets increases by $2b in Q1

SOFAZ assets increases by $2b in Q1
  • Clock-gray 11:50
  • calendar-gray 11 April 2018

In the first quarter of 2018, assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by $2 billion, SOFAZ Executive Director Shahmar Movsumov said on April 11.

 

‘As you know, oil price is higher than our forecast. This will affect SOFAZ funds at the end of the year. Amount of the increase will depend on oil price’, Movsumov.  

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