State Oil Fund imported additional 1 ton of gold to Azerbaijan

State Oil Fund imported additional 1 ton of gold to Azerbaijan
# 01 March 2013 11:46 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Additional 1 ton of gold (32 150 troy ounces) purchased by the State Oil Fund of the Republic of Azerbaijan in compliance with the rules set forth by the LBMA was imported to Azerbaijan by the UK’s Brinks Global Services on March 1, 2013 and temporarily stored in the vaults of the Central Bank of the Republic of Azerbaijan.

The Fund told APA-Economics that the total amount of gold imported by the Oil Fund to Azerbaijan is approximately 3 tons (96 450 troy ounces).

17 422 kg (560 145 troy ounces) was included into SOFAZ investment portfolio as of March 1, 2013.

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THE OPERATION IS BEING PERFORMED