oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

State Oil Fund of the Republic of Azerbaijan - Statement

17 May 2016 11:54:00

State Oil Fund of the Republic of Azerbaijan - Statement

17 May 2016 11:54:00

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 34 million of this amount was sold to 8 banks and USD 15 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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