Investments of SOFAZ in joint ventures down by 6%

As of January 1, 2024, the investments of the Azerbaijan State Oil Fund (SOFAZ) in joint ventures amounted to 741.73 million manats ($436.31 million), Report informs, citing SOFAZ.

According to the fund's auditor report, this is 6.3% less than on January 1, 2023.

As of the end of 2023, SOFAZ's investments in joint ventures accounted for 0.8% of its assets. This ratio was 0.9% at the end of 2022.