Assets of SOFAZ increased by 46% over last 10 years

Assets of SOFAZ increased by 46% over last 10 years
# 25 January 2021 11:40 (UTC +04:00)

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%).

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