ГНФАР

‘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.

The Government of Azerbaijan forecasts that in 2025 the revenues of the State Oil Fund (SOFAZ) will amount to AZN 14,452.5 million and budget expenditures to AZN 14,640.2 million.

Established in 1999, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) currently holds assets exceeding $60 billion, which is roughly 80% of the country’s economy, SOFAZ’s Executive Director Is...

The State Oil Fund of Azerbaijan (SOFAZ) received $416.2 million in revenue from the Shah Deniz gas field development in the Azerbaijani sector of the Caspian Sea during January-November of this year....

The State Oil Fund (SOFAZ) sold foreign exchange worth $6,494 million in January-November 2024.This was reported by the Fund.

The State Oil Fund of the Azerbaijan Republic (SOFAZ) sold foreign currency worth 574.6 million USD in November 2024. According to SOFAZ’s report, this is a 230.6% increase compared to October of this...

The State Oil Fund (SOFAR) is holding an open tender for voluntary medical insurance for 160 employees. This is reported on the unified Internet portal of public procurement.

From January to October this year, the State Oil Fund of Azerbaijan (SOFAZ) earned $5.334 billion from the development of the Azeri-Chirag-Gunashli (ACG) oil fields, located in Azerbaijan’s sector of...