ГНФАР

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...

From January to October this year, the State Oil Fund of Azerbaijan (SOFAZ) earned $416.174 million from the development of the “Shah Deniz” gas field in Azerbaijan’s sector of the Caspian Sea. Accord...

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.

A delegation from the State Oil Fund of the Republic of Azerbaijan (SOFAZ), led by the fund’s Executive Director Israfel Mammadov, concluded a working visit to Saudi Arabia. The visit aimed to strengt...

The State Oil Fund of Azerbaijan (SOFAZ) has signed a Memorandum of Understanding with “Hassana” Investment Company to explore investment opportunities in Saudi Arabia.

As of September 30, 2024, the assets of the State Oil Fund of Azerbaijan (SOFAZ) have increased by 9.4% compared to the beginning of 2024. According to SOFAZ's report, the Fund's assets reached $61.7...