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Over 40 percent of SOFAZ assets accounted for euro

Oil&Gas Materials 25 July 2011 15:24
The total amount of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $30.349.24 billion in the first half, which constitutes 99.97 percent of total assets, SOFAZ press release says.

Azerbaijan, Baku, July 25 / Trend, E. Ismayilov /
The total amount of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $30.348.24 billion in the first half, which constitutes 99.97 percent of total assets, SOFAZ press release says.
Some 54.52 percent of the investment portfolio accounted for U.S. dollar ($16.544.56 billion), 40.5 percent - euro (8.471.43 billion euro) and 4.98 percent - British pound sterling (939.21 million pound sterling).
As of July 1 SOFAZ's assets increased by 33.3 percent compared to early year ($22.766.8 billion) and amounted to $30.357.5.
SOFAZ was established in 1999.

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