oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

State Oil Fund of the Republic of Azerbaijan - Statement

12 May 2016 12:47:00

State Oil Fund of the Republic of Azerbaijan - Statement

12 May 2016 12:47:00

Today the Central Bank of Azerbaijan carried out next auction. The State Oil Fund of the Republic of Azerbaijan (SOFAZ) put up 50 mln. USD in the auction and USD 9.8 million of this amount was sold to 8 banks and USD 35 million was sold to the Central Bank of Azerbaijan.

SOFAZ will continue the sale of US dollars through auctions during the year.

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