SOFAZ received about USD 160 bln. during 19 years

SOFAZ received about USD 160 bln. during 19 years
  • Clock-gray 15:57
  • calendar-gray 09 July 2020

State Oil Fund of the Republic of Azerbaijan (SOFAZ) has received USD 159,4 bln in total during 2001-2020,  APA-Economics reports citing SOFAZ's consolidated financial reports for 2019.

According to the SOFAZ, According to the report, the Fund's revenues amounted to about $ 43.3 billion. USD (27.2%) was directed to the collection.

Note that, according to the results of 2019, the total assets of SOFAZ increased by 12.5% and reached 74,311,156,000 manats. The fund's total liabilities increased by 7.3% to 1,088,816,000 manats.

Emil Ismayilov

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