ARDNF

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...

Celebrating its 25th anniversary, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) [1] has had its budget proposals reviewed by the Chamber of Accounts since 2018[2]. Previously, SOFAZ's budge...

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.

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

The State Oil Fund (SOFAZ) has withdrawn the €1 billion deposit placed in the Central Bank of Turkey in January 2022 and allocated it to fixed income securities.

‘Gala Insurance’ company has won an open tender for voluntary medical insurance of employees of the State Oil Fund (SOFAZ) in 2025.This is reported on the unified Internet portal of state procurement.

In 2024, the State Oil Fund (SOFAZ) sold foreign exchange worth 7,128.5 million dollars.This was reported by the Fund.