Azerbaijan Oil Fund’s assets increased by $2 bn.


April 12, Fineko/ The State Oil Fund of Azerbaijan (Sofaz) reports growth of assets in the first quarter of 2018.

Sofaz executive director Shahmar Movsumov has stated that Fund's assets grew almost by $2 bn for Jan-Mar.

"The prices on the world market are higher than the prices we forecast, and it is natural that this fact will affect Sofaz income by the end of the year. Income growth is associated with oil prices," Movsumov emphasized.