22 Nov 2012 18:06

IMF forecasts 6% growth in Azerbaijani Oil Fund assets in 2013

BAKU. Nov 22 (Interfax) - The International Monetary Fund (IMF) predicts that Azerbaijan's Oil Fund assets will grow 5.8% to $37.369 billion by 2014, up from $35.322 billion at the end of this year, the IMF reported on its website.

Last year, Oil Fund assets came to $29.8 billion.

The Oil Fund of Azerbaijan, founded in December 1999, gathers revenues from the implementation of oil contracts, particularly profitable state oil, oil and gas transit through the country, the lease of state property and several other sources.