Baku 27° C
SOFAZ earns nearly $8B so far
Finance
- 25 June, 2023
- 06:19
The State Oil Fund of Azerbaijan (SOFAZ) earned a total of $7.8 billion in revenue from the date of its establishment until the end of 2022, Report informs, citing the financial (audit) report of the Fund for 2022.
According to the document, it means 2.3% profitability in annual terms. Last year, the Fund faced a 5.2%-loss.
In addition, the report states that by the end of 2022, SOFAZ investments covered 66 countries and 17 currencies.
Author
Latest News
12:22
French police arrest dozens in 'Block Everything' protests
Other countries12:20
Baku Port capacity to increase to 2,600 TEU in two years
Energy12:14
Number of unsecured transactions up 19% in Azerbaijan
Finance12:12
Azeri Light crude rises to $68.70 per barrel
Energy12:06
Wanxu Dong: Without development of Middle Corridor, it will be difficult to maintain cargo flow from China to Europe
Infrastructure12:01
Secretary General: Forum of think tanks in Baku to contribute to development of CICA
Foreign policy11:53
Uzbek expert: Political dialogue and trust must be enhanced in Asia
Foreign policy11:50
Envoy Husyev: Azerbaijan is Ukraine's key economic partner in South Caucasus
Infrastructure11:49