Baku, Azerbaijan, Jan. 19
By Huseyn Valiyev – Trend:
Azerbaijan’s state oil fund SOFAZ has announced the sale of assets provided by foreign oil companies under production sharing agreements (PSAs), reads a SOFAZ message published by the country’s official press Jan. 19.
The equipment used in oil and gas production and other assets have been put up for sale, according to the message.
All those interested in acquiring these assets can apply to SOFAZ by Jan. 27.
For more information please call: (99 412) 498 77 53, 498 62 55 (ext. 1004).
Contact person: Abdulla Boyukkishiyev
SOFAZ was established in 1999 with assets of $271 million.
Based on SOFAZ’s regulations, its funds may be used for construction and reconstruction of strategically important infrastructure facilities, as well as solving important national problems.
The main goals of the State Oil Fund are accumulation of resources and placement of the Fund’s assets abroad in order to minimize the negative effect on the economy, prevention of "Dutch disease" to some extent, promotion of resource accumulation for future generations, and supporting current social and economic processes in Azerbaijan.