CESD Oil Strategy Receives Official Support

CESD Oil Strategy Receives Official Support Government of Azerbaijan started balancing oil outputs over years Azerbaijan must keep oil output at the current level, Minister of Industry and Energy Natig Aliyev said at the CEIBS meeting. To him, Azerbaijan should not increase oil production in the upcoming period: “The country has reached the goal on development of oil industry, which was set in 1994. Increase of output may have some sedition.... Read More

SOFAZ’s “Gold Policy”?

SOFAZ’s “Gold Policy”? CESD; “SOFAZ too late with investing in gold” The State Oil Fund of the Azerbaijan Republic (SOFAZ) reported that the fund has started to invest in gold in order to diversify its portfolio and increase revenue. According to the Oil Fund’s Investment Policy, 5% of the investment portfolio’s total value in 2012 can be invested in gold.  To this end, from 1 February 2012, the fund began to purchase gold... Read More