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Azeri state oil fund SOFAZ sees assets down to $34 bln by end-2016
October 12, 2016 / 12:17 PM / a year ago

Azeri state oil fund SOFAZ sees assets down to $34 bln by end-2016

BAKU, Oct 12 (Reuters) - Azerbaijan’s state oil fund SOFAZ expects its assets to decline to $34 billion by the end of 2016, Shakhmar Movsumov, the fund’s executive director, said on Wednesday.

Movsumov said earlier on Wednesday the fund’s assets totalled $35.822 billion in January-September, flat on the same year-ago period, but 6.7 percent higher than at the befinning of 2016. (Reporting by Nailia Bagirova; Writing by Maria Kiselyova; Editing by Dmitry Solovyov)

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