Shahmar Movsumov: SOFAZ’s assets will remain at same level by year end

Gunel Abbasova
Post's author

Baku. 18 April. REPORT.AZ/ The assets of the State Oil Fund of Azerbaijan by the year end are expected to remain at the same level in beginning of 2017.

Report informs, Executive Directorof SOFAZ Shahmar Movsumov said at today’s press conference”

“Current state of oil prices and level of expenditures give ground to say that SOFAZ’s assets will remain at the same level by the end of year”.

Latest news

Organizing Committee regarding COP29 convenes fourth meeting 3 June, 2024 / 20:55
PM: Ensuring food security defined as one of strategically pivotal priorities of Azerbaijan's state economic policy 3 June, 2024 / 20:51
Vice president, assistant to Biden to take part in conference on Ukraine in Switzerland 3 June, 2024 / 20:38
Brigitte Bierlein, Austria's first woman chancellor, dies at 74 3 June, 2024 / 20:17
UK and Latvia launch industry competition to provide thousands of drones for Ukraine 3 June, 2024 / 19:51
South African appeal court throws lifeline to Shell's Wild Coast exploration 3 June, 2024 / 19:25
Switzerland to send 50 military, 4 combat aircraft to Germany for NATO exercises 3 June, 2024 / 19:03
EU Commission kick-starts work on a new pilot mechanism to boost the hydrogen market 3 June, 2024 / 18:38
Embassy: Azerbaijan considering investing in Kazakh oil fields 3 June, 2024 / 18:20
Azerbaijan eyes importing almost 3,000 buses from Indonesia 3 June, 2024 / 18:00
Summarizing meeting held at Azerbaijan's NDU within NATO's DEEP 3 June, 2024 / 17:59
Unified database of Turkic states' appraisers to be established 3 June, 2024 / 17:58
Russia announces fresh sanctions against multiple UK figures 3 June, 2024 / 17:46
Ceremonial event in Bucharest welcomes AZAL's inaugural flight 3 June, 2024 / 17:39
Olkiluoto 3: Finland’s nuke powerhouse faces unexpected setback 3 June, 2024 / 17:38