Assets of SOFAZ increased by 46% over last 10 years

Assets of SOFAZ increased by 46% over last 10 years
  • Clock-gray 11:40
  • calendar-gray 25 January 2021

Over the past 10 years, assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) reaching its peak, made up USD 43 564,3 mln, SOFAZ told APA-Economics.

Assets of the Fund increased by 46.2% from 2011 (USD 29.8 bln) to 2020.

According to the information, the profitability of the Fund on the investment portfolio increased by 3.4 times from 2011 (0.83%) until 2020 (2.82%).

Emil Ismayilov

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