Azerbaijan, Baku, Sept. 12 / Trend E. Ismayilov /
The State Oil Fund of Azerbaijan (SOFAZ) has announced a tender among insurance companies to purchase health insurance services, the fund's statement posted in the Khalq newspaper said today.
Those wishing to participate in the tender must submit their proposals to the State Oil Fund till September 24.
For more information, please contact E.Rasulov: Tel.: (012) 498 77 53 (extension 142), e-mail: [email protected].
State Oil Fund was established in 1999 and at that time its assets amounted to $271 million.
As of July 1, 2012 SOFAZ assets amounted to $32.666 billion.
The main purpose of the fund is the accumulation of funds and placement of its assets abroad to minimise the negative impact on the economy, preventing a 'Dutch syndrome' to ensure savings for future generations and maintain the current socio-economic processes in the country.