Bank Of Baku

SOFAZ assets to reach $100 bln during next 15 years

SOFAZ assets to reach $100 bln during next 15 years
# 03 June 2011 14:00 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. The assets of State Oil Fund will reach $ 100 bln during next 15 years, said the SOFAZ Executive Director Shahmar Movsumov.

According to him, the fund’s assets will increase to $30 bln by the end of 2011. At present, the assets makes $28.8 bln: “Total revenues made $50 bln during past 10-11 years. Interest income from this sum made $ 1 bln. At the same time, $ 20 bln was allocated to infrastructure projects”.
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