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The State Oil Fund of the Republic of Azerbaijan (Azerbaijani: Azərbaycan Respublikasının Dövlət Neft Fondu), also known by its abbreviation SOFAZ, is a sovereign wealth fund of Azerbaijan founded in December 1999. [1] [2] Nearly all the fund's revenues come from Azerbaijan's oil and gas exports.
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
Port of Batumi – Georgian logistics company; KazTransGas – gas transportation. Gazprom is its principal customer, accounting for 64% of its consolidated revenue in 2011, down from 75% in 2010. [5] KazMunayGas Refining and Marketing – oil refining and marketing Rompetrol (75%) – A Romanian oil company [6] Atyrau Refinery [7] – oil refining
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In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
Katie Holmes is setting the record straight about her daughter Suri Cruise's finances.. On Sunday, Dec. 8, Holmes, 45, shared a post on Instagram disputing a report from the Daily Mail that ...
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There was once a thriving group of reptiles that lived during the time of the dinosaurs. Rhynchocephalia is a reptile order that evolved around 240 million years ago. These reptiles used to live ...