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13.03.2014 Azerbaijani state fund to invest $2.5bn in new company to manage gas projects

The State Oil Fund of Azerbaijan is going to invest $2-2.5 billion into the company to be established to manage the gas projects Shah Deniz 2, TANAP and TAP, the Fund's executive director, Shakhmar Movsumov, has told the Azerbaijan Investment Summit in Baku.

29.01.2014 Azerbaijan’s SOFAZ assets up 5% in 2013

The assets of Azerbaijani state oil fund SOFAZ has increased by 5.1 percent as of January 1, 2014, compared to the same period of 2013 and stood at over $ 35.877 billion, Azernews reported on January 28.

06.11.2013 Azerbaijan to Invest over $1bn in TANAP in 2014

Azerbaijan will funnel more than $1bn in the construction of Trans Anadolu Pipeline (TANAP) in 2014, the executive director of the state oil fund, Shamkhar Movsumov, said at parliamentary hearings on the draft state budget for 2014 on November 4.