Azerbaijan`s Oil Fund directs its investments mainly in developing states


July 16, Fineko/ The State Oil Fund of Azerbaijan (SOFAZ) has directed its investments in developing countries.

ABC.AZ reports that this is stated SOFAZ’s report on the results of investment activities for past 6 months of 2020.

According to the report, as of 30 June of the year developing countries made 33.46% of Fund's investment portfolio. As of the end of Q1 of 2020 this figure was 31.39%.