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Euronews

Esmira Aliyeva

How Azerbaijan’s oil fund is expanding its influence in Europe’s private markets

Fund United Nations Oil Azerbaijan Europe Gatwick BlackRock

Azerbaijan’s State Oil Fund (SOFAZ) is stepping up its investments in Europe as it looks beyond its traditional, hydrocarbons-driven remit.

The sovereign fund, set up in 1999 to manage Azerbaijan’s oil and gas revenues, now holds assets in more than 60 countries. Its portfolio includes listed securities as well as infrastructure and renewable energy projects.

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