SOFAZ

The State Oil Fund of Azerbaijan, or SOFAZ, has invested in Inkia Energy, Peru’s largest independent power producer, through a vehicle managed by U.S. investment firm I Squared Capital, expanding its...

Государственный нефтяной фонд Азербайджана reported broadly stable assets and balanced cash flows in the first quarter, as strong oil revenues and large transfers to the state budget offset volatility...

With Donald Trump’s return to power in the United States, radical shifts in domestic and foreign policy have begun to impact global markets, with these effects expected to expand further. The energy a...

Exactly 1 month after President Ilham Aliyev approved the budget of the State Oil Fund (SOFAZ) for 2025, the Accounting Chamber has published its opinion on this document.

In 2024, revenues of the State Oil Fund (SOFAZ) totalled AZN18,039 million, while budget expenditures totalled AZN12,896.4 million.This is reported by the Fund.

Global gold futures exceeded $2,800 per troy ounce on January 29, setting a historic record in international trading, according to financial portal Investing.com. Notably, this price per ounce is twic...

The assets of the State Oil Fund of Azerbaijan (SOFAZ) as of January 1, 2025, amounted to $60 billion 31.4 million. The Fund’s assets grew by 7.1% over the past year (on January 1, 2024, they totaled...

As of the end of 2024, the State Oil Fund (SOFAZ) had assets worth $60,031.4 million. This is reported by the Fund.