SOFAZ Sees Assets Down to $34 Bln by End-2016

Azerbaijan's state oil fund SOFAZ expects its assets to decline to $34 billion by the end of 2016, Shakhmar Movsumov, the fund's executive director, said on Wednesday.

 

Movsumov said earlier on Wednesday the fund's assets totalled $35.822 billion in January-September, flat on the same year-ago period, but 6.7 percent higher than at the befinning of 2016.


(Reporting by Nailia Bagirova; Writing by Maria Kiselyova; Editing by Dmitry Solovyov)