Almost half of the assets of SOFAR is in USD
The State Oil Fund of Azerbaijan allocates assets, mainly in the U.S. dollars.
According to SOFAR (http://www.oilfund.az/uploads/Presentation-az_2013_07.pdf), for July 1, 2013, the assets of SOFAR is $ 34 billion 678.4 million, of which only 0 4% ($ 162.34 million) - the local currency, the remaining funds are focused abroad.
In the structure of the Fund's assets is stationed abroad, the share of U.S. dollars - 47.7%, in absolute numbers - $ 16 billion 460.4 million. The money in euros totaled 40.84%, in pounds sterling - 5.1%. The rest of the numbers in descending order looks like this: 2.6% - gold, 1.9% - the Russian ruble, 1.3% - the Turkish lira, 0.6% - the Australian dollar.
In general, to July 1, 2013, 26.1% of the Fund's assets were placed in the corporate sector, 24.41% - in bonds of agencies and international organizations, 23.9% - in short-term commercial paper, 9.8% - financial bonds, the rest - other instruments.
According to the fund, 56.2% of the investment portfolio of SOFAR is located in Europe, 14.4% - in North America, 15.2% - in the developing world, the rest - in other regions.
In the Oil Fund of Azerbaijan is accumulated income from the sale of oil contracts, in particular from the sale of profit oil state, transit tariffs for the transportation of oil and gas across the country, the rental of state property, etc. - 17D-
-
- Social
- 18 July 2013 16:52
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Каковы месседжи из последнего интервью Ильхама Алиева и кому они адресованы? - беседа с Аркадием Дубновым
News Line
-
- Politics,
- 10:05
- 418
Leave a review