[ad_1] The investment portfolio of Azerbaijan’s State Oil Fund (SOFAZ) as of July 1, 2021, amounted to $44.104 billion, which is 3.4% more than on July 1, 2020, Report informs with reference to the Fund. Currently, 68.6% of SOFAZ investments are in US dollars. This is 0.2 percentage points more than a year ago. The… Continue reading USD share up in SOFAZ investment portfolio
Tag: share
Ambassador: Belarus, Azerbaijan share common interests on wide range of issues
[ad_1] “For 28 years of diplomatic relations, the next anniversary of which we celebrated on June 11, strong traditions of the Belarusian-Azerbaijani partnership have been formed – friendship, respect, and mutual understanding, which have become a solid foundation of relations between the countries,” Ambassador of Belarus to Azerbaijan Andrei Ravkov wrote in an article dedicated… Continue reading Ambassador: Belarus, Azerbaijan share common interests on wide range of issues
SOCAR increases share in its Georgian subsidiary to 92%
[ad_1] In 2020, the State Oil Company of Azerbaijan (SOCAR) increased its share in the Georgian subsidiary, SOCAR Energy Georgia, from 75.5% to 91.8%, Report informs, citing the SOCAR’s consolidated financial statements for last year. SOCAR Energy Georgia has been operating since 2006. During this period, the company has invested more than $ 1.2 billion… Continue reading SOCAR increases share in its Georgian subsidiary to 92%
India to increase LNG share in gas consumption to 70%
[ad_1] The share of liquefied natural gas (LNG) in India’s gas consumption could rise to 70 percent from the current 50 percent in 10 years, and new import terminals are needed, Report informs, referring to Reuters. Indian Prime Minister Narendra Modi has set a target to raise the share of natural gas in the country’s… Continue reading India to increase LNG share in gas consumption to 70%