SOFAR

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.

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...

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...

The State Oil Fund of Azerbaijan (SOFAR) reported revenues of $4.60 billion from the Azeri-Chirag-Guneshli (ACG) oil field in the January-September period of 2024, a decline of 12.1% compared to the s...