Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff
Azerbaijan State Oil Fund assets exceed $30bn
Current assets of the State Oil Fund reached USD 30,2bn.
The State Oil Fund of the Republic of Azerbaijan announces that as of June 28, 2011 current assets of the State Oil Fund reached 30,2bn USD dollars having for the first time exceeded 30bn USD dollars level.
Increasing SOFAZ’s assets is the result of successful implementation of National Oil Strategy, created by national leader Heydar Aliyev.
As a result of implementation of this strategy export of hydrocarbon reserves is expanding and Fund’s assets increased from 22,8 billion at the beginning of 2011 up to 30 billion USD dollars.
Increase of reserves of Azerbaijan should be regarded as strengthening of the economic power of the country, as well as, accelerating of development of the country in all spheres.
Wed 23 April 2014 12:51 GMTASALA threatens Turkey upon Sargsyan's order
Wed 23 April 2014 09:02 GMTSubjective interpretation of principles of int'l law as system of ‘int'l threat’
Tue 22 April 2014 12:00 GMTNations' self-determination within single state is viable option – expert
Mon 21 April 2014 12:36 GMT'Free interpretation of international law may have boomerang effect'
Mon 21 April 2014 11:01 GMTWarlick needs to be equally unbiased towards both conflicting sides – MP