SOFAZ investment property declines by 29%

As of January 1, the total assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) reached AZN 74,403.293,000. (0.1% more than 2019).

At the end of last year, the investment property of the Oil Fund decreased by 29.1% compared to the same period the previous year to AZN 1,784,534,000, investments in joint ventures increased by 0.6% to AZN 1,053,977,000, cash and cash equivalents rose by 56.7% to AZN 4,059,687,000, financial assets declined by 4.6% to AZN 56,870,415,000, and gold ingot grew by 25.2% to AZN 10,490,279.