SOFAR

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 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...

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported a significant increase in its assets, reaching $58,000.6 million as of June 30, 2024.

President Ilham Aliyev on 8 July amended the Decree "On the State Oil Fund's Budget for 2024" dated 27 December 2023.

The State Oil Fund (SOFAR) has invested US$ 100 million in an educational network in the United Arab Emirates (UAE). This is reported by the SOFAR.

Baku, Azerbaijan (Reuters) - Azerbaijan’s President Ilham Aliyev has issued a decree expanding the leadership structure of the State Oil Fund of Azerbaijan (SOFAR), appointing two deputy executive dir...

In January-April of this year, the State Oil Fund of Azerbaijan (SOFAZ) received income in the amount of 1 billion 798.6 million dollars from the Azeri-Chirag-Guneshli (ACG) block of fields located in...

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the first four months of this year from the “Shah Deniz” gas condensate field in the Azerbaijani sector of the Caspian Sea amounted to 202...