Oil Fund earns over $60 million from foreign assets in Q1

Thu 17 June 2010 09:30 GMT | 14:30 Local Time

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Azerbaijan's State Oil Fund, SOFAZ, received its highest income from assets invested abroad in the first quarter of 2010.

As of 1 April 2010, SOFAZ had earned $62.2 million from its assets abroad, according to figures from the Central Bank of Azerbaijan.

During this period, the Central Bank itself earned only $5.9 million from its foreign assets, while other banks earned $1.9 million.

Overall, in the first quarter Azerbaijan received income of $102.6 million from abroad.


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