Baku 2° C
SOFAZ earns nearly $8B so far
Finance
- 25 June, 2023
- 06:19
The State Oil Fund of Azerbaijan (SOFAZ) earned a total of $7.8 billion in revenue from the date of its establishment until the end of 2022, Report informs, citing the financial (audit) report of the Fund for 2022.
According to the document, it means 2.3% profitability in annual terms. Last year, the Fund faced a 5.2%-loss.
In addition, the report states that by the end of 2022, SOFAZ investments covered 66 countries and 17 currencies.
Author
Latest News
20:57
Iran's top security official, Sultan of Oman mull results of talks with US
Region20:54
Photo
Azerbaijan and US sign Charter on Strategic Partnership - UPDATED
Foreign policy20:47
Torrential rain in Colombia kills 22, thousands displaced
Other countries20:37
Photo
President of Azerbaijan Ilham Aliyev and US Vice President James David Vance deliver press statements - UPDATED
Foreign policy20:34
Azerbaijan and US to expand energy cooperation in oil, gas, and power
Energy20:29
Azerbaijan and US agree to enhance regional connectivity via Middle Corridor
Other20:27
US to support creation of AI data centers in Azerbaijan
Infrastructure20:22
US Embassy: US business delegation's visit to Baku opens new opportunities for cooperation
Business20:17