The State Oil Fund of the Republic of Azerbaijan is the Sovereign Wealth Fund of Azerbaijan.
SOFAZ is the name.
It is all stems from 1995, when a consortium was organized, known as the Azerbaijan International Operating Company (AIOC). Originally AIOC was composed of eleven major international companies: BP (UK), Amoco (U.S.), LUKoil (Russia), Pennzoil, (now Devon of U.S.), UNOCAL (U.S.), Statoil (Norway), McDermott (U.S.), Ramco (Scotland), TPAO (Turkey), Delta Nimir (now Amerada Hess of U.S.), and SOCAR (Azerbaijan).
Since then Exxon, now ExxonMobil (U.S.); ITOCHU (Japan); and INPEX (Japan) have joined the consortium and McDermott, Ramco and LUKoil have sold their shares.
It is this massive investment that has created investment revenues for the State Oil Fund of the Republic of Azerbaijan to invest its profits.
SOFAZ’s currency assets in the beginning of 2017 $33, 147 Million = $33 Billion
78.9% Fixed income and money market instruments
12.9% Equities
4.6% Real Estate
3.6% Gold.
It owns 78 St James Street, in London.
Guess who is the tenant ?
http://www.scagliolaco.com/project12.php
HSBC. A tenant that will pay the rent on time.