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Assets of SOCAR to increase about 33 times by 2010, state bodies & IMF forecast

Business Materials 17 October 2005 16:37 (UTC +04:00)

The assets of the State Oil Fund of Azerbaijan will reach $42.5bn by 2010, Trend reports referring to the state bodies and the International Monetary Fund.

The figure will comprise $1.3bn till late 2005, $2.2bn manats - in 2006, $6.2bn - 2007, $16.6bn - 2008, $29.2bn - in 2009, $42.5bn - 2010.

Thus, the forecast figure of 2010 will exceed the forecast figure of 2005 by 32.69 times in accordance with the estimation of experts.

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