The State Oil Fund of the Republic of Azerbaijan has announced that it has made an investment of 50 million pounds sterling in London Gatwick Airport within the partnership framework with the investment company "Global Infrastructure Partners," which is part of the US company "BlackRock".
In July, the State Oil Fund acquired a 49% stake in the portfolio of solar power plants with a total capacity of 402 MW located in Italy, operated by the international renewable energy company "Enfinity Global".
Why is Azerbaijan’s State Oil Fund increasing investments in assets abroad?
Economist expert İlham Şaban responded to the question from Medianews.az stating that there are several reasons:
"Firstly, the assets of the State Oil Fund have already reached such a level that it has gained the opportunity to intensify the acquisition of stakes in foreign companies' projects.
Secondly, the State Oil Fund is aware that oil and gas revenues will continue to decline, and therefore it is increasing new sources of income.
Thirdly, when the State Oil Fund makes its choices, it prefers assets with a lower level of risk in order to benefit not from short-term gains, but from long-term stable income.”
Toğrul Əli,
Medianews.az
