Azerbaijan`s Oil Fund moved from losses to profits


July 9, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has released its annual report on its activities for 2019.

ABC.AZ informs with reference to SOFAZ’s report that Fund’s net profit for 2019 amounted to AZN 4.316 bn against net loss of AZN 768.439 million in 2018.

Last year SOFAZ’s total operating income amounted to AZN 4.443 bn and expenditures AZN 126.813 million.