ARDNF

Executive director of the State Oil Fund (SOFAZ) Israfil Mammadov has been elected deputy chairman of the board of the International Sovereign Fund Forum.This is reported by the Fund.

The main reason for the sharp - 2.6 times as compared to the same period of 2023 - rise in foreign currency sold by the State Oil Fund (SOFAZ) in January-October 2024 is the needs of the state. Expert...

In January-October 2024, the State Oil Fund (SOFAZ) sold foreign currency worth $5,919.4 million. This was reported by the Fund.

The State Oil Fund of Azerbaijan (SOFAZ) has disclosed the new composition of its investment portfolio as of the end of September 2024.

In January-September 2024, budget revenues of the State Oil Fund (SOFAZ) totalled AZN 15,004 million and budget expenditures AZN 9,634.5 million. This is reported by the Fund.

As of the end of September 2024, the State Oil Fund (SOFAZ) had assets worth $61,697.6 million. This was reported by the Fund.

Investments of the State Oil Fund (SOFAZ) in the Italian capital market amount to about $2.3 billion.

In 2025, the State Oil Fund (SOFAZ) will have to transfer AZN 14,481 million to the state budget. This is reflected in the draft law ‘On State Budget for 2025’, which President Ilham Aliyev submitt...