SOFAZ Ready to Begin Operations at Domestic Stock Market
OREANDA-NEWS. September 30, 2009. The State Oil Fund of Azerbaijan does not rule out change of its operations mandate.
At today’s conference “Listing: Alternative Way of Financing” in Baku Shahmar Movsumov, the executive director of the State Oil Fund of Azerbaijan (SOFAZ), stated that being one of the sovereign funds itself SOFAZ can conduct now operations at stock market abroad.
“Currently we are working at the New York Exchange (NYMEX) and NASDAQ, but in the prospect we do not rule out beginning of operations at the stock market of Azerbaijan,” he said.
SOFAZ’s current assets are estimated in US12 bn.
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