ARDNF

In July 2024, the State Oil Fund of the Republic of Azerbaijan (SOFAR) reported a sharp increase in currency sales, reaching $826.3 million. This figure is three times higher than the $272.7 million r...

In 2023, the salary costs of employees of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 9.8 million manats. This is stated in the financial statements of the Fund, which were audited at the end...

In 2023, the State Oil Fund of Azerbaijan (SOFAZ) paid AZN 5.3 million to foreign managers (financial organizations) in charge of its assets. This is stated in the financial statements of the Fund, wh...

In 2023, the State Oil Fund (SOFAZ) invested in the US money market fund "Goldman Suchs" with AAA rating. This is stated in the 2023 audited financial statements of the fund.

The State Oil Fund (SOFAZ) has published its audited financial report for 2023. Last year, the SOFAZ made a profit of AZN 8 billion 102.8 million (last year it ended with a loss of AZN 5 billion 24...

The State Oil Fund (SOFAZ) has unveiled the composition of its investment portfolio for the end of June 2024.

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second...

In the first half of 2024, budget revenues of the State Oil Fund (SOFAR) amounted to 9,254.9 million manats, off-budget revenues - to 441.5 million manats, and budget expenditures - to 6,414.4 million...