SOFAZ sells nearly 3.6B US dollars in auctions last year

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# 14:33
5 January 2018

The State Oil Fund of Azerbaijan Republic (SOFAZ) sold 584.8 million US dollars in December 2017, up 2.8-fold compared to November2017, the SOFAZ public relations department told APA.

 

SOFAZ sold 3,598,120,000 US dollars in total in January-December of 2017, down $1.3 billion or 26.53% in comparison to a year earlier.

 

In 2016, SOFAZ sold 4.9 billion US dollars to local banks, down 37.5% compared to 2015.

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