SOFAZ's assets may fall to $38 bn next year

16:25 - 9.09.2021

September 9, Fineko/abc.az. According to Finance Ministry’s forecast of Finance, in the baseline scenario (oil price of $45 a barrel) the volume of assets of the State Oil Fund of Azerbaijan (SOFAZ) will amount to $41.1 bn next year.

ABC.AZ reports that in case of more pessimistic scenarios, SOFAZ's assets may fall to $38 bn next year.

So, if the oil price is $35, Fund's assets may lower to $39.5 bn next year, and if the price decreases to $25, the assets will fall to $37.9 bn.

The level of SOFAZ’s assets in 2022-25 according to various scenarios:

Scenarios 2022 2023 2024 2025
Oil Price $45 $41.1 bn $40.3 bn $39.7 bn $39.2 bn
Oil Price $35 $39.5 bn $37.1 bn $34.8 bn $32.7 bn
Oil Price $25 $37.9 bn $33.8 bn $29.9 bn $26.1 bn
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