SOFAZ gets 28% decline in investments in joint ventures 

As of January 1, 2023, the investments of the State Oil Fund of Azerbaijan (SOFAZ) in the joint ventures stood at 791.488 million manats ($465.58 million), down 28.3% from the previous year, Report informs, citing the Fund.

The investments in joint ventures constituted 0.9% of its total assets, while this figure was 1.4% in 2021.