Executive director of SOFAZ: Assets of SOFAZ exceeded USD 54 bln

Executive director of SOFAZ Israfil Mammad

© APA | Executive director of SOFAZ Israfil Mammad

# 12 May 2023 12:50 (UTC +04:00)

"The assets of the State Oil Fund of Azerbaijan (SOFAZ), which were equal to 271 million US dollars when it was founded in 1999, currently exceed 54 billion US dollars," said Executive director of SOFAZ Israfil Mammadov, APA-Economics reports.

Note that the assets of the State Oil Fund amounted to 49.03 billion dollars by the beginning of 2023, and 53.4 billion dollars in the first quarter of this year.

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