BAKU, Azerbaijan, April 19. The assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), as of early April 2024, amounted to nearly $57.3 billion, Trend reports.
"In the first quarter of 2024, assets grew by 2.3 percent, or $1.3 billion," the information noted.
Meanwhile, at the beginning of 2024, the assets of the State Oil Fund amounted to $56 billion.
To note, as of April 1, 2023, SOFAZ assets amounted to $53.4 billion.
The Fund has been functioning since December 1999 and accumulates revenues from the realization of international oil and gas contracts by Azerbaijan.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel