Baku 21° C
SOFAZ assets soared nearly $ 2 bln in 2018
Energy
- 11 April, 2018
- 10:09
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 11 April. REPORT.AZ/ Assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) in the first quarter of this year increased by about $ 2 bln.
Report informs, SOFAZ Executive Director Shahmar Movsumov said.
"As you know, global oil prices are higher than we predicted. Of course, this will have an impact on the SOFAZ assets by the year-end. The volume of growth will depend on the price of oil. If at the year-end, results will be appropriate to figures of first quarter the amount will be high. During the first quarter of 2018, SOFAZ assets grew by about $ 2 bln”, he said.
Author
ARDNF bu il aktivlərini 2 mlrd. dollara yaxın artırıb
ГНФАР увеличил активы почти на 2 млрд долларов в этом году
Latest News
19:31
Baku Initiative Group expresses concern over ongoing protests in France
Foreign policy19:21
Video
Baku TV: Expanding cooperation with Central Asia is key focus of President's visit
Foreign policy19:09
More than 600 international travelers have visited Karabakh, organizer says
Foreign policy19:06
Photo
Azerbaijan, UN discuss cooperation on social protection and human capital
Foreign policy18:54
Photo
Azerbaijan, Belarus discuss food safety and veterinary cooperation
Foreign policy18:37
Baku Dialogue participants call on UN to create mechanism on missing persons
Foreign policy18:19
Chelsea Davis praises first trip to Azerbaijan's Karabakh region
Karabakh18:16
Azerbaijan's full participation in Consultative Meeting important – JOINT STATEMENT
Foreign policy18:14