From January to October, the assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $ 34 billion 738,100,000. Almost half of this ($ 16 billion 544.6 million or 47.8%) is located in US dollars. For comparison, in the national currency there was posted the equivalent of $ 133.5 million, or 3.8% of total assets.
The euro makes 35.9%, GBP is 5% and gold is 3.2%, the rest is unimportant. It may be noted the Japanese yen - 1.5%, as well as the yuan and the Russian ruble - by 1.4%, the South Korean won - 1.2% and the Turkish lira - 1%.
By October 1, 44% of the Fund's investment portfolio are available on the corporate sector, 19.2% - financial bonds, 12.5% - bonds of agencies and international organizations, 9.3% - short-term commercial papers, the rest - other instruments.
Accommodation by region - 57.54% of the investment was invested in Europe, 22.65% - in North America, 11.12% - in the Asia-Pacific countries, and so on. Most of the investment portfolio (81.6%) is in bonds and deposits, 7% - in shares, 4.3% - in real estate, 3.2% - in gold, 2.2% - in investment projects, 1.7 % - in money market instruments.
SOFAZ has been nominally valid from December 29, 1999 as non-budgetary entity subordinate to the President. It should accumulate income from the sale of oil contracts, but from year to year a large part of its expenditures account for the transfers to the state budget. --17D-
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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