(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 2. The State Oil Fund ofthe Republic of Azerbaijan sold funds worth $623.4 million lastmonth, Trend reports via the State Oil Fund ofAzerbaijan.
Furthermore, this is 2.1 times more than it was during the sameperiod in 2023.
Last April, the State Oil Fund sold funds worth $286million.
Established by the Republic of Azerbaijan, the State Oil Fund ofthe Republic of Azerbaijan (SOFAZ) is a sovereign wealth fund(SWF). The fund was established in December 1999 subsequent to thepresident's issuance of a corresponding decree. The investmentfund, established to preserve the nation's oil and gas revenues forfuture generations, is supervised by a special council presidedover by the president of the country.
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