SOFAZState Oil Fund of Azerbaijan
SOFAZSociety of Folks Against Zombies (online group)
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The SimCorp Dimension implementation at SOFAZ supports all investment functions, with the system's IBOR at its core.
The bank's representative said that SOFAZ has initiated Movsumov's joining the Council, because this was a part of the
Following World Bank President Robert Zoellick's call for sovereign wealth funds to engage in investment activities in the Africa, Latin America and Caribbean (ALAC) region, SOFAZ contributed $100 million to the ALAC Fund of the International Finance Corporation to finance investment projects in banking, insurance, construction materials, hotels and transportation.
However, SOFAZ assets increased significantly in 2008 due partly to the oil price peak, but more to PSAs reaching the point where the operators had recouped up-front costs and a larger share of revenues accrued to the host country.
For this year, SOFAZ has decided to take part in auctions to carry on currency sales.
Thus SOFAZ receives government revenue from PSAs (including both the government's and SOCAR's shares), bonus payments, acreage fees, dividends, revenue from the transit of hydrocarbons over the country's territory, and capital income from fund investments.
1 million at the currency auctions organized by the country's Central Bank (CBA) in February 2018, SOFAZ said March 5.
M2 EQUITYBITES-April 29, 2013-Norges Bank, Qatar Holding, SOFAZ to invest in VTB new share issue(C)2013 M2 COMMUNICATIONS http://www.
VTB Bank has received firm and binding commitments from a group of investors comprising existing and new shareholders, including three prominent sovereign wealth funds: Norges Bank Investment Management (the Kingdom of Norway); Qatar Holding LLC (the State of Qatar); and the State Oil Fund of Azerbaijan, SOFAZ (the Republic of Azerbaijan), to subscribe for the entire amount of the Offering.
SOFAZ in particular demonstrates a remarkable transparency of its operations, the issue that has been of concern in many other resource-rich economies (Truman, 2007).
Azerbaijan's state oil fund SOFAZ expects the revenues from the management of assets to be slightly higher in 2018 than in 2017, a source in SOFAZ told Trend and Azernews.